Despite Suryoday Small Finance Bank's Pullback, Insiders Still Gained ₹1.9m
Insiders who bought Suryoday Small Finance Bank Limited (NSE:SURYODAY) in the last 12 months may probably not pay attention to the stock's recent 13% drop. After taking the recent loss into consideration, the ₹6.38m worth of stock they bought is now worth ₹8.28m, indicating that their investment yielded a positive return.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Suryoday Small Finance Bank Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Co-Founder Baskar Ramachandran for ₹6.4m worth of shares, at about ₹128 per share. We do like to see buying, but this purchase was made at well below the current price of ₹166. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Suryoday Small Finance Bank
Suryoday Small Finance Bank is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Suryoday Small Finance Bank
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Suryoday Small Finance Bank insiders own about ₹4.6b worth of shares. That equates to 26% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Suryoday Small Finance Bank Insider Transactions Indicate?
The fact that there have been no Suryoday Small Finance Bank insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Suryoday Small Finance Bank insiders feel good about the company's future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Suryoday Small Finance Bank.
But note: Suryoday Small Finance 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 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.