Trade Alert: Independent Director Of Northeast Community Bancorp John McKenzie Has Sold Stock

We'd be surprised if Northeast Community Bancorp, Inc. (NASDAQ:NECB) shareholders haven't noticed that the Independent Director, John McKenzie, recently sold US$284k worth of stock at US$29.29 per share. The eyebrow raising move amounted to a reduction of 27% in their holding.

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The Last 12 Months Of Insider Transactions At Northeast Community Bancorp

Notably, that recent sale by John McKenzie is the biggest insider sale of Northeast Community Bancorp shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$29.00. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year Northeast Community Bancorp insiders didn't buy any company stock. 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!

Check out our latest analysis for Northeast Community Bancorp

I will like Northeast Community 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.

Does Northeast Community 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Northeast Community Bancorp insiders own about US$18m worth of shares. That equates to 4.9% 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.

What Might The Insider Transactions At Northeast Community Bancorp Tell Us?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Northeast Community Bancorp. You'd be interested to know, that we found 1 warning sign for Northeast Community Bancorp and we suggest you have a look.

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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