Potential Huntington Bancshares Incorporated (NASDAQ:HBAN) shareholders may wish to note that insider Gary Torgow recently bought US$250k worth of stock, paying US$12.90 for each share. While that’s a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.2%.
View our latest analysis for Huntington Bancshares
The Last 12 Months Of Insider Transactions At Huntington Bancshares
Over the last year, we can see that the biggest insider sale was by the Chief Technology and Operations Officer & Senior EVP, Paul Heller, for US$2.7m worth of shares, at about US$15.92 per share. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$13.29). So it may not tell us anything about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid US$957k for 66.59k shares. But they sold 520.28k shares for US$8.1m. All up, insiders sold more shares in Huntington Bancshares than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Does Huntington Bancshares 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. I reckon it’s a good sign if insiders own a significant number of shares in the company. It’s great to see that Huntington Bancshares insiders own 0.8% of the company, worth about US$144m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Huntington Bancshares Insider Transactions Indicate?
The insider sales have outweighed the insider buying, at Huntington Bancshares, in the last three months. Despite some insider buying, the longer term picture doesn’t make us feel much more positive. On the plus side, Huntington Bancshares makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. You’d be interested to know, that we found 1 warning sign for Huntington Bancshares and we suggest you have a look.
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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.
Read More: Trade Alert: Gary Torgow At Huntington Bancshares Incorporated (NASDAQ:HBAN), Has Just