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Whilst it may not be a huge deal, we thought it was good to see that the The First Bancorp, Inc. (NASDAQ:FNLC) Independent Director, Ingrid H. Kachmar, recently bought US$96k worth of stock, for US$24.10 per share. While that isn't the hugest buy, it actually boosted their shareholding by 357%, which is good to see.
Our free stock report includes 1 warning sign investors should be aware of before investing in First Bancorp. Read for free now.
The Last 12 Months Of Insider Transactions At First Bancorp
In fact, the recent purchase by Ingrid H. Kachmar was the biggest purchase of First Bancorp shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$24.37 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for First Bancorp share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 5.60k shares for US$135k. But they sold 500.00 shares for US$15k. In total, First Bancorp insiders bought more than they sold over the last year. 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!
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First Bancorp is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company 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. First Bancorp insiders own about US$14m worth of shares. That equates to 5.0% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At First Bancorp Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Insiders likely see value in First Bancorp shares, given these transactions (along with notable insider ownership of the company). 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. For example - First Bancorp has 1 warning sign we think you should be aware of.