Have Princeton Bancorp Insiders Been Selling Stock?
Investors may wish to note that the Independent Director of Princeton Bancorp, Inc., Martin Tuchman, recently netted US$95k from selling stock, receiving an average price of US$31.72. On the bright side, that's just a small sale and only reduced their holding by 0.4%.
The Last 12 Months Of Insider Transactions At Princeton Bancorp
The Vice Chairman of the Board, Stephen Distler, made the biggest insider sale in the last 12 months. That single transaction was for US$364k worth of shares at a price of US$41.48 each. That means that an insider was selling shares at slightly below the current price (US$43.72). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 5.1% of Stephen Distler's stake.
Over the last year, we can see that insiders have bought 1.67k shares worth US$53k. But insiders sold 16.30k shares worth US$624k. Over the last year we saw more insider selling of Princeton Bancorp shares, than buying. 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!
See our latest analysis for Princeton Bancorp
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Does Princeton Bancorp Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Princeton Bancorp insiders own about US$79m worth of shares. That equates to 26% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Princeton Bancorp Insiders?
Insiders sold Princeton Bancorp shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, Princeton Bancorp makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for Princeton Bancorp you should be aware of.
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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.