investors interested in TrustCo Bank Corp NY (NASDAQ:TRST) should note that General Counsel and Corporate Secretary Michael Hall recently paid US$33.45 per share to purchase shares worth US$105,000. This certainly gives us hope for the best results. Notably, they have increased their holdings by 84% of his, which could suggest real optimism.
See the latest analysis from TrustCo Bank Corp NY.
Insider trading at TrustCo Bank Corp NY in the last 12 months
In fact, according to our records, Michael Hall’s recent purchase was the largest purchase of TrustCo Bank Corp NY stock by an insider in the past 12 months. This means that insiders were drawn to his current price of US$34.53 per share. Their views may have changed after the purchase, but this at least suggests they were confident in the company’s future. If you do, then you are in balance, but be aware that you may no longer see the value. The good news for TrustCo Bank Corp NY shareholders is that insiders were buying at close to current prices.
Insiders at TrustCo Bank Corp NY bought shares last year but did not sell them. The chart below shows insider trading (by company and individual) over the past year. Click on the graphs below to see the exact details of each insider trading!
TrustCo Bank Corp NY isn’t the only insider buying shares.Let’s take a look at this freedom List of companies growing with insider buying.
Insider Ownership of TrustCo Bank Corp NY
Looking at a company’s total insider shareholdings can help give an idea of whether they are aligned well with public shareholders. High insider ownership often leads company management to pay more attention to the interests of shareholders. The insider owns his 2.9% stake in Trustco Bank Corp. NY, which is worth approximately US$19 million. Certainly we’ve seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest coordination between insiders and other shareholders.
So what does this data tell us about the TrustCo Bank Corp NY Insider?
Recent insider purchases are reassuring. We are also convinced by the long-term landscape of insider trading. Considering insiders also own a sizeable portion of TrustCo Bank Corp NY, I think they’re probably pretty confident about a bright future. While we’d love to know what’s going on with insider ownership and trading, we should also consider the risks facing the stock before making an investment decision.During our analysis, TrustCo Bank Corp NY 1 warning sign Ignoring it is not wise.
of course, You can find great investments by looking elsewhere. Let’s take a look at this freedom A list of interesting companies.
For the purposes of this article, an insider is an individual who reports a transaction to the relevant regulatory body. Currently, we consider open market transactions and private disposals, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst projections using only unbiased methodologies and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. We aim to deliver long-term focused analysis based on fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Is not …
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