Executive Vice President of Commercial Banking Darren Lorimer Sold A Bunch Of Shares In EQB
Anyone interested in EQB Inc. (TSE:EQB) should probably be aware that the Executive Vice President of Commercial Banking, Darren Lorimer, recently divested CA$472k worth of shares in the company, at an average price of CA$143 each. The eyebrow raising move amounted to a reduction of 43% in their holding.
EQB Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Michael Pedersen bought CA$2.0m worth of shares at a price of CA$100 per share. We do like to see buying, but this purchase was made at well below the current price of CA$143. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Happily, we note that in the last year insiders paid CA$2.2m for 21.57k shares. But insiders sold 5.04k shares worth CA$719k. In total, EQB insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for EQB
EQB is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of EQB
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that EQB insiders own about CA$13m worth of shares (which is 0.2% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About EQB Insiders?
Unfortunately, there has been more insider selling of EQB stock, than buying, in the last three months. On the other hand, the insider transactions over the last year are encouraging. It's good to see insiders are shareholders. So the recent selling doesn't worry us too much. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 2 warning signs for EQB you should be aware of.
Of course EQB may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.