Have Insiders Sold CoastalSouth Bancshares Shares Recently?
We'd be surprised if CoastalSouth Bancshares, Inc. (NYSE:COSO) shareholders haven't noticed that the Independent Director, Ernst Bruderer, recently sold US$167k worth of stock at US$27.92 per share. That sale was 15% of their holding, so it does make us raise an eyebrow.
CoastalSouth Bancshares Insider Transactions Over The Last Year
Notably, that recent sale by Ernst Bruderer is the biggest insider sale of CoastalSouth Bancshares shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$27.75. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Happily, we note that in the last year insiders paid US$52k for 2.03k shares. On the other hand they divested 16.56k shares, for US$451k. In total, CoastalSouth Bancshares insiders sold more than they bought over the last year. 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!
View our latest analysis for CoastalSouth Bancshares
I will like CoastalSouth Bancshares 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.
Insider Ownership Of CoastalSouth Bancshares
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. 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 CoastalSouth Bancshares insiders own 12% of the company, worth about US$39m. 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 CoastalSouth Bancshares Insiders?
Unfortunately, there has been more insider selling of CoastalSouth Bancshares stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. But it is good to see that CoastalSouth Bancshares is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! 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. Every company has risks, and we've spotted 1 warning sign for CoastalSouth Bancshares you should know about.
Of course CoastalSouth Bancshares 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 of direct interests only, but not derivative transactions or indirect interests.
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