Yahoo Finance Bullish First Northwest Bancorp Insiders Loaded Up On US$903.0k Of Stock
In the last year, multiple insiders have substantially increased their holdings of First Northwest Bancorp (NASDAQ:FNWB) stock, indicating that insiders' optimism about the company's prospects has increased.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for First Northwest Bancorp
First Northwest Bancorp Insider Transactions Over The Last Year
The Independent Director Dana Behar made the biggest insider purchase in the last 12 months. That single transaction was for US$840k worth of shares at a price of US$10.50 each. That means that an insider was happy to buy shares at above the current price of US$9.40. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid US$903k for 84.88k shares. But they sold 8.12k shares for US$126k. In the last twelve months there was more buying than selling by First Northwest Bancorp insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
First Northwest 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.
First Northwest Bancorp Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at First Northwest Bancorp. Not only was there no selling that we can see, but they collectively bought US$865k worth of shares. This is a positive in our book as it implies some confidence.
Does First Northwest Bancorp Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Our data indicates that First Northwest Bancorp insiders own about US$5.9m worth of shares (which is 7.0% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About First Northwest Bancorp Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that First Northwest Bancorp insiders are expecting a bright future. 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. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of First Northwest Bancorp.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
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