Have Franklin Financial Services Insiders Been Selling Stock?
Franklin Financial Services Corporation FRAF | 0.00 |
Investors may wish to note that an insider of Franklin Financial Services Corporation, Steven Butz, recently netted US$81k from selling stock, receiving an average price of US$57.73. It might not be a huge sale, but it did reduce their holding size 20%, hardly encouraging.
Franklin Financial Services Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director Gregory Snook for US$106k worth of shares, at about US$48.18 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$57.02. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Over the last year, we can see that insiders have bought 2.68k shares worth US$129k. But insiders sold 4.93k shares worth US$256k. In total, Franklin Financial Services 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!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Franklin Financial Services insiders own 7.0% of the company, worth about US$18m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Franklin Financial Services Tell Us?
We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. We're a little cautious about the insider selling at Franklin Financial Services. But it's good to see that insiders own shares in the company. Of course, the future is what matters most.
But note: Franklin Financial Services may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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.
