Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of MetroCity Bankshares, Inc. (NASDAQ:MCBS), it sends a favourable message to the company's shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for MetroCity Bankshares

The Last 12 Months Of Insider Transactions At MetroCity Bankshares

In the last twelve months, the biggest single purchase by an insider was when Independent Director Sam Shim bought US$92k worth of shares at a price of US$18.48 per share. So it's clear an insider wanted to buy, at around the current price, which is US$19.65. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 MetroCity Bankshares share holders is that insiders were buying at near the current price.

While MetroCity Bankshares insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

MetroCity Bankshares is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does MetroCity Bankshares Boast High Insider Ownership?

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. A high insider ownership often makes company leadership more mindful of shareholder interests. MetroCity Bankshares insiders own about US$144m worth of shares (which is 29% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The MetroCity Bankshares Insider Transactions Indicate?

There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. It would be great to see more insider buying, but overall it seems like MetroCity Bankshares insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing MetroCity Bankshares. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of MetroCity Bankshares.