Michael Clarke Is The Independent Director of Partners Bancorp (NASDAQ:PTRS) And They Just Picked Up 31% More Shares

Investors who take an interest in Partners Bancorp (NASDAQ:PTRS) should definitely note that the Independent Director, Michael Clarke, recently paid US$7.71 per share to buy US$246k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 31%.

View our latest analysis for Partners Bancorp

Partners Bancorp Insider Transactions Over The Last Year

Notably, that recent purchase by Independent Director Michael Clarke was not the only time they bought Partners Bancorp shares this year. Earlier in the year, they paid US$7.38 per share in a US$321k purchase. So it's clear an insider wanted to buy, at around the current price, which is US$7.60. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Partners Bancorp insiders decided to buy shares at close to current prices.

In the last twelve months Partners Bancorp insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Partners Bancorp is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Partners Bancorp insiders own about US$60m worth of shares (which is 45% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Partners Bancorp Tell Us?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Partners Bancorp. One for the watchlist, at least! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Partners Bancorp has 2 warning signs and it would be unwise to ignore these.

But note: Partners Bancorp 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, but not derivative transactions.

This article by Simply Wall St is general in nature. 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.

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