Yahoo Finance Michael Daley Spends US$98k On CrossFirst Bankshares Stock \
Whilst it may not be a huge deal, we thought it was good to see that the CrossFirst Bankshares, Inc. (NASDAQ:CFB) Chief Accounting Officer, Michael Daley, recently bought US$98k worth of stock, for US$9.75 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
Check out our latest analysis for CrossFirst Bankshares
The Last 12 Months Of Insider Transactions At CrossFirst Bankshares
Over the last year, we can see that the biggest insider sale was by the Independent Director, Lance Humphreys, for US$220k worth of shares, at about US$15.61 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$9.98. So it may not tell us anything about how insiders feel about the current share price.
In the last twelve months insiders purchased 28.60k shares for US$318k. But insiders sold 16.62k shares worth US$252k. In total, CrossFirst Bankshares insiders bought more than they sold over the last year. Their average price was about US$11.10. These transactions suggest that insiders have considered the current price attractive. 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!
CrossFirst Bankshares is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does CrossFirst Bankshares 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. We usually like to see fairly high levels of insider ownership. Insiders own 6.3% of CrossFirst Bankshares shares, worth about US$31m. 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 CrossFirst Bankshares Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of CrossFirst Bankshares we think they are probably pretty confident of a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for CrossFirst Bankshares.
Of course CrossFirst Bankshares 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, 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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