Executive VP Maureen Hemhauser Sold A Bunch Of Shares In Peapack-Gladstone Financial
Anyone interested in Peapack-Gladstone Financial Corporation (NASDAQ:PGC) should probably be aware that the Executive VP, Maureen Hemhauser, recently divested US$104k worth of shares in the company, at an average price of US$45.32 each. Equally important, that sale actually reduced their holding by a full 83% which hardly makes us feel bullish about the stock.
The Last 12 Months Of Insider Transactions At Peapack-Gladstone Financial
Over the last year, we can see that the biggest insider purchase was by President Douglas Kennedy for US$398k worth of shares, at about US$35.21 per share. We do like to see buying, but this purchase was made at well below the current price of US$44.38. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Over the last year, we can see that insiders have bought 15.62k shares worth US$549k. On the other hand they divested 19.41k shares, for US$838k. In total, Peapack-Gladstone Financial insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Peapack-Gladstone Financial
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Insider Ownership Of Peapack-Gladstone Financial
Many investors like to check how much of a company is owned by 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 Peapack-Gladstone Financial insiders own 11% of the company, worth about US$86m. 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 Does This Data Suggest About Peapack-Gladstone Financial Insiders?
Insiders haven't bought Peapack-Gladstone Financial stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Peapack-Gladstone Financial makes money, and is growing profits. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Peapack-Gladstone Financial. You'd be interested to know, that we found 1 warning sign for Peapack-Gladstone Financial and we suggest you have a look.
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 of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.