Yahoo Finance Insider Spends US$464k Buying More Shares In Origin Bancorp \
Potential Origin Bancorp, Inc. (NYSE:OBK) shareholders may wish to note that the Senior Executive Officer, Jimmy Crotwell, recently bought US$464k worth of stock, paying US$29.97 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 91%.
View our latest analysis for Origin Bancorp
Origin Bancorp Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Jay Dyer, sold US$547k worth of shares at a price of US$41.99 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$29.58. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Jay Dyer.
Happily, we note that in the last year insiders paid US$1.4m for 44.87k shares. But they sold 13.20k shares for US$547k. In total, Origin Bancorp 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of Origin Bancorp
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 5.5% of Origin Bancorp shares, worth about US$50m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Origin Bancorp Tell Us?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Insiders likely see value in Origin Bancorp shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for Origin Bancorp and we suggest you have a look.
But note: Origin Bancorp may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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, but not derivative transactions.
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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.
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