In the last year, multiple insiders have substantially increased their holdings of Northeast Bank (NASDAQ:NBN) stock, indicating that insiders' optimism about the company's prospects has increased.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

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Northeast Bank Insider Transactions Over The Last Year

The President Richard Wayne made the biggest insider purchase in the last 12 months. That single transaction was for US$654k worth of shares at a price of US$64.52 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$87.42. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 37.89k shares for US$2.4m. But insiders sold 8.18k shares worth US$543k. Overall, Northeast Bank insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Northeast Bank

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Northeast Bank Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 13% of Northeast Bank shares, worth about US$97m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Northeast Bank Insiders?

It doesn't really mean much that no insider has traded Northeast Bank shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Northeast Bank and their transactions don't cause us concern. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Northeast Bank.

Of course Northeast Bank may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.

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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.