Independent director H. Holder just bought 4.2% more shares in Oak Valley Bancorp (NASDAQ: OVLY)
While not a huge purchase, we think it was good to see H. Holder, the Independent Director of Oak Valley Bancorp (NASDAQ: OVLY) recently spent US $ 88,000 to buy shares, at US $ 17.50 per share. However, that only increased their shares held by 4.2%, and it wasn’t a huge buy in absolute terms, either.
See our latest review for Oak Valley Bancorp
The Last 12 Months of Insider Trading at Oak Valley Bancorp
Notably, this recent purchase by independent director H. Holder was not the only time they bought Oak Valley Bancorp stock this year. Earlier in the year, they paid US $ 15.47 per share for a purchase of US $ 155,000. While we love to see insider buys, we note that this large buy was significantly lower than the recent price of US $ 17.25. While it does suggest that insiders view the stock as undervalued at lower prices, this trade doesn’t tell us much about what they think about current prices.
Over the past year, we can see that insiders bought 31.69,000 shares worth US $ 541,000. On the other hand, they sold 4.60k shares for US $ 76k. Overall, Oak Valley Bancorp insiders have been net buyers over the past year. The average purchase price was approximately US $ 17.07. It’s great to see insiders putting their own money in the company’s shares, albeit at a lower level than the recent share price. You can see insider trading (by companies and individuals) over the past year illustrated in the graph below. By clicking on the graph below, you can see the precise detail of each insider trade!
There are always a lot of stocks that insiders buy. So if it suits your style, you can check each stock one by one or you can take a look at this free list of companies. (Hint: insiders bought them).
For an ordinary shareholder, it is worth checking out how many shares are owned by company insiders. Strong insider ownership often makes company management more concerned with the interests of shareholders. Oak Valley Bancorp insiders own about $ 27 million in stock. This equates to 19% of the business. While this is a high but not exceptional level of insider ownership, it is enough to indicate some alignment between management and small shareholders.
So what does this data suggest about Oak Valley Bancorp insiders?
Recent insider buying is encouraging. And the analysis of last year’s transactions also gives us confidence. When combined with notable insider ownership, these factors suggest that Oak Valley Bancorp insiders are well aligned and may think the stock price is too low. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. To help you, we have discovered 1 warning sign that you should run your eye to get a better picture of Oak Valley Bancorp.
Sure, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.
Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.