Have Insiders Sold Cadence Bank Shares Recently?

Simply Wall St · 05/13 10:16

Some Cadence Bank (NYSE:CADE) shareholders may be a little concerned to see that the Chairman & CEO, James Rollins, recently sold a substantial US$838k worth of stock at a price of US$29.48 per share. However, that sale only accounted for 6.5% of their holding, so arguably it doesn't say much about their conviction.

Check out our latest analysis for Cadence Bank

The Last 12 Months Of Insider Transactions At Cadence Bank

Notably, that recent sale by James Rollins is the biggest insider sale of Cadence Bank shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$29.26. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Cadence Bank insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NYSE:CADE Insider Trading Volume May 13th 2024

I will like Cadence Bank better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Cadence Bank

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.4% of Cadence Bank shares, worth about US$76m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Cadence Bank Tell Us?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cadence Bank. While conducting our analysis, we found that Cadence Bank has 3 warning signs and it would be unwise to ignore these.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.