Investors who take an interest in United Overseas Bank Limited (SGX:U11) should definitely note that the Independent Chairman of the Board, Kan Seng Wong, recently paid S$29.39 per share to buy S$294k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 46%.

View our latest analysis for United Overseas Bank

United Overseas Bank Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Deputy Chairman & CEO Ee Cheong Wee bought S$1.3m worth of shares at a price of S$26.95 per share. That implies that an insider found the current price of S$29.84 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for United Overseas Bank share holders is that insiders were buying at near the current price.

In the last twelve months United Overseas Bank insiders were buying shares, but not selling. 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!

United Overseas Bank 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

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. It's great to see that United Overseas Bank insiders own 16% of the company, worth about S$7.9b. 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 United Overseas Bank Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest United Overseas Bank insiders are well aligned, and quite possibly think the share price is too low. Nice! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for United Overseas Bank you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.

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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.