Anahaita Kotval Buys Handful Of Shares In Bankwell Financial Group
Even if it's not a huge purchase, we think it was good to see that Anahaita Kotval, the Director of Bankwell Financial Group, Inc. (NASDAQ:BWFG) recently shelled out US$68k to buy stock, at US$27.35 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
View our latest analysis for Bankwell Financial Group
Bankwell Financial Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director James Garnett bought US$825k worth of shares at a price of US$27.75 per share. That means that an insider was happy to buy shares at around the current price of US$27.76. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
Happily, we note that in the last year insiders paid US$2.4m for 86.41k shares. On the other hand they divested 4.02k shares, for US$117k. In total, Bankwell Financial Group insiders bought more than they sold over 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!
Bankwell Financial Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Bankwell Financial Group Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Bankwell Financial Group insiders own 18% of the company, worth about US$37m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Bankwell Financial Group Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Bankwell Financial Group insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bankwell Financial Group. Our analysis shows 2 warning signs for Bankwell Financial Group (1 doesn't sit too well with us!) and we strongly recommend you look at them before investing.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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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.
