Have any insiders sold shares of PCSB Financial Corporation (NASDAQ: PCSB) recently?
We note that the PCSB Financial Corporation (NASDAQ: PCSB) Executive Vice President and Chief Loan Officer Michael Goldrick recently sold US $ 95,000 worth of shares for US $ 18.90 per share. On the plus side, this is just a small sale and only reduced their stake by 8.1%.
Check out our latest analysis for PCSB Financial
The last 12 months of insider trading at PCSB Financial
CIO and Senior Vice President Carol Bray had the biggest insider sale in the past 12 months. This single transaction involved US $ 105,000 in shares priced at US $ 19.50 each. This means that an insider was selling shares around the current price of US $ 18.86. We usually don’t like to see insider sales, but the lower the selling price, the more it concerns us. In this case, the big sale took place around the current price, so it’s not too bad (but it’s still not positive).
Over the past year, we’ve seen more insider sales of PCSB Financial shares than purchases. You can see insider trading (by companies and individuals) over the past year represented in the graph below. If you want to know exactly who sold, for how much and when, just click on the graph below!
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Insider ownership of PCSB Financial
I like to watch how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will have an incentive to build the business for the long term. Insiders own 5.8% of the shares of PCSB Financial, valued at approximately US $ 16 million. This level of insider ownership is good but just short of being particularly noteworthy. It certainly suggests a reasonable degree of alignment.
So what do PCSB financial insider trading indicate?
An insider recently sold shares of PCSB Financial, but did not buy any. With zooming out, the longer term image doesn’t give us much comfort. But it is good to see that PCSB Financial is increasing its profits. Insider ownership is not particularly high, so this analysis makes us cautious about the company. So we would only buy after careful consideration. In addition to knowing the current insider transactions, it is beneficial to identify the risks that PCSB Financial faces. Every business has risks, and we have spotted 1 warning sign for PCSB Financial you should know.
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For the purposes of this article, insiders are those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only 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 into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.