Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6519
    -0.0017 (-0.26%)
     
  • OIL

    82.40
    +1.05 (+1.29%)
     
  • GOLD

    2,232.30
    +19.60 (+0.89%)
     
  • Bitcoin AUD

    109,657.83
    +2,752.96 (+2.58%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6035
    +0.0004 (+0.07%)
     
  • AUD/NZD

    1.0898
    +0.0018 (+0.17%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,276.06
    -4.78 (-0.03%)
     
  • FTSE

    7,967.30
    +35.32 (+0.45%)
     
  • Dow Jones

    39,762.85
    +2.77 (+0.01%)
     
  • DAX

    18,496.38
    +19.29 (+0.10%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     

Peter Rayno Is The of Enterprise Bancorp, Inc. (NASDAQ:EBTC) And They Just Spent US$55k On Shares

Even if it's not a huge purchase, we think it was good to see that Peter Rayno, a Enterprise Bancorp, Inc. (NASDAQ:EBTC) insider, recently shelled out US$55k to buy stock, at US$33.19 per share. That purchase might not be huge but it did increase their holding by 21%.

Check out our latest analysis for Enterprise Bancorp

The Last 12 Months Of Insider Transactions At Enterprise Bancorp

In fact, the recent purchase by Peter Rayno was the biggest purchase of Enterprise Bancorp shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$33.40. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

ADVERTISEMENT

Over the last year, we can see that insiders have bought 3.67k shares worth US$114k. But they sold 1950.69 for US$61k. In the last twelve months there was more buying than selling by Enterprise Bancorp insiders. You can see a visual depiction of insider transactions (by 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!

NasdaqGS:EBTC Recent Insider Trading, January 31st 2020
NasdaqGS:EBTC Recent Insider Trading, January 31st 2020

Enterprise Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Enterprise Bancorp

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Enterprise Bancorp insiders own about US$106m worth of shares (which is 28% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Enterprise Bancorp Insider Transactions Indicate?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. The net investment is not enough to encourage us much. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Enterprise Bancorp insiders feel good about the company's future. To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.

Of course Enterprise Bancorp 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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.