Anyone interested in BancorpSouth Bank (NYSE:BXS) should probably be aware that the Senior EVP & General Counsel, Charles Pignuolo, recently divested US$149k worth of shares in the company, at an average price of US$29.80 each. However, the silver lining is that the sale only reduced their total holding by 8.7%, so we're hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At BancorpSouth Bank
Notably, that recent sale by Senior EVP & General Counsel Charles Pignuolo was not the only time they sold BancorpSouth Bank shares this year. Earlier in the year, they fetched US$25.20 per share in a -US$151k sale. That means that even when the share price was below the current price of US$29.22, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 9.3% of Charles Pignuolo's stake.
Insiders in BancorpSouth Bank 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
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Insider Ownership of BancorpSouth Bank
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. BancorpSouth Bank insiders own about US$66m worth of shares. That equates to 2.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At BancorpSouth Bank Tell Us?
An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. On the plus side, BancorpSouth Bank makes money, and is growing profits. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing BancorpSouth Bank. For example - BancorpSouth Bank has 3 warning signs we think you should be aware of.
But note: BancorpSouth Bank 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, but not derivative transactions.
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.
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