When one insider buys stock, it usually isn't a big trade. However, if multiple insiders purchase shares as follows: Heritage Financial Corporation (NASDAQ:HFWA), this is good news for shareholders.
While we are by no means saying that investors should base their decisions solely on the actions of a company's directors, it logically follows that they should pay some attention to whether insiders are buying or selling stock. It turns out that there is.
Check out our latest analysis for Heritage Financial.
Heritage Financial Insider Transactions Over the Past Year
We can see that the biggest insider purchase over the last year was by Lead Independent Director Brian Charneski for US$84,000 worth of shares (about US$16.70 per share). We like to see insider buying, and we note that this large purchase is well below the recent price of US$18.58. This occurred at a lower valuation, so it doesn't tell us much about whether insiders find today's price attractive.
Heritage Financial insiders bought shares over the last year, but did not sell. The graph below shows insider transactions (by companies and individuals) over the last year. You can click on the graph below to see the exact details of each insider transaction.
Heritage Financial isn't the only company with insiders buying stock.So take a look at this free A list of growing companies with insider buying.
Heritage Financial Insiders Recently Purchased Stocks
Heritage Financial has seen some insider buying over the past three months. Independent director Frederic Rivera bought shares worth US$14,000 at the time. Given the recent lack of sellers, it's good to see some insider buying. However, the amount invested in the last three months is not enough to warrant much weight as a single factor.
Insider ownership
I like to see how many shares a company's insiders own in a company, as it can tell us how well aligned a company is with its insiders. We think it's a good sign if insiders own a significant number of shares in the company. It appears that Heritage Financial insiders own 1.8% of the company's shares, worth about $12m. This is a strong but not significant level of insider ownership, but it's enough to indicate some alignment between management and smaller shareholders.
So what does this data suggest about Heritage Finance Insiders?
Over the past three months, insider buying may have been minimal, but there hasn't been any selling. Overall, there's nothing worth mentioning about this purchase. However, insiders have indicated that interest in the stock has increased over the last year. Insiders own shares in Heritage Financial, but we've seen no evidence to suggest they're concerned about the future. In addition to knowing about ongoing insider transactions, it's useful to identify the risks facing Heritage Financial. For example, Heritage Financial 1 warning sign I think you should know.
of course Heritage Financial may not be the best stock to buy.So you might want to see this free There are many high-quality companies here.
For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory body. The Company currently only accounts for open market transactions and private dispositions of direct profits, and does not account for derivative transactions or indirect profits.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
