Have Insiders Sold Old National Bancorp Shares Recently?

Anyone interested in Old National Bancorp (NASDAQ:ONB) should probably be aware that the Senior Executive VP & CFO, John Moran, recently divested US$493k worth of shares in the company, at an average price of US$25.57 each. The eyebrow raising move amounted to a reduction of 16% in their holding.

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The Last 12 Months Of Insider Transactions At Old National Bancorp

Over the last year, we can see that the biggest insider sale was by the Executive VP, Nicholas Chulos, for US$751k worth of shares, at about US$25.05 per share. So we know that an insider sold shares at around the present share price of US$24.93. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in Old National Bancorp didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Old National Bancorp

I will like Old National Bancorp better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Old National Bancorp

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. It appears that Old National Bancorp insiders own 0.9% of the company, worth about US$82m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Old National Bancorp Insider Transactions Indicate?

An insider sold Old National Bancorp shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But it is good to see that Old National Bancorp is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Old National Bancorp.

But note: Old National Bancorp 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 of direct interests only, but not derivative transactions or indirect interests.

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