We wouldn't blame Old National Bancorp (NASDAQ:ONB) shareholders if they were a little worried about the fact that Brendon Falconer, the Senior EVP & CFO (Leave of Absence) recently netted about US$804k selling shares at an average price of US$16.28. That's a big disposal, and it decreased their holding size by 36%, which is notable but not too bad.

The Last 12 Months Of Insider Transactions At Old National Bancorp

In the last twelve months, the biggest single sale by an insider was when the insider, Michael Scudder, sold US$841k worth of shares at a price of US$16.81 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$17.19. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 9.9% of Michael Scudder's holding.

Old National Bancorp insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Old National Bancorp

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Old National Bancorp insiders own about US$53m worth of shares. That equates to 1.0% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Old National Bancorp Insiders?

An insider hasn't bought Old National Bancorp stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Old National Bancorp. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Old National Bancorp.

But note: Old National 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 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.