Opportunity Peoples Financial Services Corp. (NASDAQ:PFIS) shareholders may wish to note that William Conaboy recently bought US$108k worth of stock, paying US$48.78 for each share. We consider that a good sign, especially since the purchase increased their performance by 213%.
Check out our latest review for Peoples Financial Services
Last 12 Months of Internal Transactions at Peoples Financial Services
In fact, William Conaboy’s recent purchase was the largest purchase of Peoples Financial Services shares by an insider in the past twelve months, according to records. ours. That means the insider was happy to buy shares above the current price of US$45.46. Although their view may have changed since the purchase was made, at least this suggests that they have confidence in the company’s future. We always consider the price insiders pay when buying shares. Generally, it catches our eye when insiders have bought shares at a higher price, as it suggests that they believe the shares should have been bought, even at a higher price.
Although Peoples Financial Services insiders bought shares last year, they did not sell. You can see the internal transactions (by companies and individuals) over the past year shown in the chart below. By clicking on the graph below, you can see the exact details of each internal transaction!
There are many other companies that have insiders to buy shares. Maybe you do not want to miss this for free list of undervalued small companies that insiders buy.
Does Peoples Financial Services Boasting High Value?
Another way to assess the equity between a company’s leaders and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely the insiders will be motivated to build the company for the long term. Peoples Financial Services insiders own shares worth $38m. That equates to 11% of the company. We have certainly seen high levels of insider ownership elsewhere, but this stock is enough to suggest a consensus between insiders and other shareholders.
What Can Insiders at Peoples Financial Services Tell Us?
It’s really nice to see recent purchases. And the analysis of last year’s businesses also gives us hope. Since insiders also own a good portion of Peoples Financial Services, we think they may be optimistic about a bright future. So these internal transactions can help us create a thesis about the stock, but it is also important to know the risks facing this company. Example: We saw 1 warning sign for Peoples Financial Services you should be aware.
Of course Peoples Financial Services may not be the best stock to buy. So you might want to see this for free collection of high quality companies.
For this article, insiders are people who report their transactions to the relevant regulatory body. We are currently responsible for open market transactions and private opinions of direct interests only, but not from other or indirect interests.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst estimates using an unbiased approach and our articles are not intended as financial advice. It does not make an offer to buy or sell any property, and does not consider your motives, or your financial situation. We are committed to bringing you long-term analysis focused on fundamentals. Note that our review may not include recent company announcements that are not sensitive to pricing or quality equipment. Simply Wall St has no position in the stocks mentioned.
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