This Insider Has Just Sold Shares In MainStreet Bancshares
Anyone interested in MainStreet Bancshares, Inc. (NASDAQ:MNSB) should probably be aware that the Senior EVP, Thomas Chmelik, recently divested US$194k worth of shares in the company, at an average price of US$19.82 each. However, the silver lining is that the sale only reduced their total holding by 6.1%, so we're hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At MainStreet Bancshares
In fact, the recent sale by Thomas Chmelik was the biggest sale of MainStreet Bancshares shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$19.82. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Over the last year, we can see that insiders have bought 6.63k shares worth US$135k. But they sold 9.77k shares for US$194k. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for MainStreet Bancshares
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of MainStreet Bancshares
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 10% of MainStreet Bancshares shares, worth about US$15m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About MainStreet Bancshares Insiders?
The insider sales have outweighed the insider buying, at MainStreet Bancshares, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! 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. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of MainStreet Bancshares.
But note: MainStreet Bancshares 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 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.