Have Insiders Sold FS Bancorp Shares Recently?
Investors may wish to note that the Independent Director of FS Bancorp, Inc., Terri Degner, recently netted US$72k from selling stock, receiving an average price of US$42.72. It might not be a huge sale, but it did reduce their holding size 24%, hardly encouraging.
The Last 12 Months Of Insider Transactions At FS Bancorp
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Marina Cofer-Wildsmith, sold US$152k worth of shares at a price of US$40.00 per share. That means that even when the share price was below the current price of US$42.85, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 32% of Marina Cofer-Wildsmith's holding.
Insiders in FS Bancorp didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. 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 FS Bancorp
I will like FS Bancorp better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Does FS Bancorp Boast High Insider Ownership?
Many investors like to check how much of a company is owned by 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. It appears that FS Bancorp insiders own 10% of the company, worth about US$32m. 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 Do The FS Bancorp Insider Transactions Indicate?
Insiders sold FS Bancorp shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But it is good to see that FS Bancorp is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of FS Bancorp.
But note: FS 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 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.