Even though it may not be a major purchase, we think it was good to see that Robert McCormick, President Trustco Bank Corp NY (NASDAQ: TRST) recently spent 59 thousand US dollars to buy the stock at 32.90 US dollars per share. Although the buy is not huge, but from a percentage point of view or absolute value, it can be seen as a good sign.
See our latest analysis for Trustco Bank Corp NY
Trustco Bank Corp NY Insider Transactions for the Last 12 Months
Notably, a recent purchase by President Robert McCormick wasn’t the only opportunity to buy shares of Trustco Bank Corp. NY this year. He previously made an even bigger purchase of US$196k worth of shares at a price of US$31.63 per share. This means that an insider was happy to buy the stock at the current price of US$33.56. While his outlook may have changed since the purchase, it at least indicates that he has confidence in the company’s future. While we always like to see inside buys, it is less meaningful if the purchases were made at very low prices, because the opportunity they saw has passed. In this case, we are happy to report that inside buying was done close to current prices.
While Trustco Bank Corp NY insiders bought shares during the past year, they did not sell. You can see the insider transactions (by companies and individuals) in the previous year shown in the chart below. By clicking on the graph below, you can see the exact details of each inside transaction!
There are many other companies that have insiders buying shares. you probably do No wanna remember it free A growing list of companies that insiders are buying.
Insider ownership of Trustco Bank Corp NY
Looking at the total insider stake in a company can help inform your view of whether they are well-aligned with common shareholders. I think it’s a good sign if insiders own a large number of shares in the company. Insiders hold 2.7% of the Trustco Bank Corp NY shares, which are valued at approximately US$18m. This level of insider ownership is nice, but lacks in being particularly distinctive. It certainly suggests a fair degree of alignment.
So what does this data suggest about TrustCo Bank Corp NY insiders?
The recent insider buying is encouraging. And the analysis of last year’s transactions also gives us confidence. Given these transactions (along with notable insider ownership of the company), insiders are likely to see value in Trustco Bank Corp NY shares. In addition to learning about ongoing insider trading, it is beneficial to identify the risks facing Trustco Bank Corp NY. For example – Trustco Bank Corp NY has 1 warning sign We think you should know about it.
Undoubted, You can get a great investment if you look elsewhere. so take a look at this free List of interesting companies.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private settlements, but not derivative transactions.
Feedback on this article? Worried about the content? keep in touch directly with us. Alternatively, email the editorial-team (at) simplewallst.com.
This article by Simple Wall St. is general in nature. We only provide commentary based on historical data and analyst forecasts using an unbiased methodology and our articles are not intended to be financial advice. It does not recommend buying or selling any stock, and does not take into account your objectives, or your financial situation. We aim to bring you long-term focused analytics powered by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative content. Simple Wall St does not have a position in any of the stocks mentioned.
Join a paid user research session
You’ll receive an Amazon gift card worth US$30 for your 1 hour time helping us build better investment tools for individual investors like yourself. register here