Independent Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Director Craig Ruppert Just Bought 2.3% More Shares

While not a huge buy, we think it was good to see that Craig Ruppert, the independent director of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) recently paid US$96,000 to buy shares, at US$38.43 per share. Although the purchase was not large, increasing their shareholding by only 2.3%, this can be interpreted as a good sign.

See our latest analysis for Sandy Spring Bancorp

Sandy Spring Bancorp insider trades over the past year

Notably, this recent purchase by Craig Ruppert is the biggest insider buy of Sandy Spring Bancorp stock we’ve seen in the past year. This implies that an insider found the current price of US$39.49 per share attractive. Of course, they may have changed their minds. But it does suggest they are optimistic. If someone is buying stocks well below current prices, that’s a good sign overall, but keep in mind that they may no longer see value. In this case, we are happy to report that the insider bought shares at prices close to current prices. Craig Ruppert was the only individual insider to buy in the past year.

You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. If you want to know exactly who sold, how much and when, just click on the chart below!

NasdaqGS: SASR Insider Trading Volume May 19, 2022

There are always plenty of stocks that insiders are buying. So if it suits your style you can check each stock one by one or you can take a look at this free list of companies. (Hint: insiders bought them).

Insider ownership

Another way to test alignment between a company’s executives and other shareholders is to look at how many shares they own. I think it’s a good sign if insiders have a significant number of shares in the company. Sandy Spring Bancorp insiders own about $52 million in stock. This equates to 2.9% of the business. While this is a high but not exceptional level of insider ownership, it suffices to indicate some alignment between management and small shareholders.

So what does this data suggest about Sandy Spring Bancorp insiders?

It is certainly positive to see the recent insider buying. And an analysis of last year’s transactions also gives us confidence. When combined with notable insider ownership, these factors suggest that Sandy Spring Bancorp insiders are well aligned and may believe the stock price is too low. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Sandy Spring Bancorp.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.