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Broughton George W: insider trades

Director at Peoples Bancorp Inc. No open-market purchases and 12 sales not made under a pre-set plan, reported from March 1, 2018 to April 30, 2021.

What happened after Broughton George W’s sales?

After their sales, the shares moved −19.5% against the index over 12 months on average (a negative figure means selling was the right call); 100% trailed it.

With 296 insiders tested, some will look skilled or unskilled by chance alone: when we replaced each insider’s stocks with random companies bought on the same days, about 5.7 cleared the bar ahead and 23.3 behind. One record on its own proves little.

Trade by trade

MeasuredTrades countedAverage vs S&P 500MedianWent the right wayYearst-statisticp-valueEvidence
Purchases, 3 months after the report 0 — — — — — — Not enough years
Purchases, 6 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the trade 0 — — — — — — Not enough years
Sales, 3 months after the report 12 −6.1% −4.4% 83% 3 — — Not enough years
Sales, 12 months after the report 12 −19.5% −16.2% 100% 3 — — Not enough years
Sales, 12 months after the trade 12 −20.1% −16.9% 100% 3 — — Not enough years

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates, from the close on the first trading day after the report, or from the close on the trade date. Only windows that have finished are counted. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic uses one average per year of reports, because one person’s trades bunch into the same stock and weeks, and needs trades in at least four different years; the p-value comes from the t distribution with that number of years (with four years, a t of 2 has p = 0.14). “Some evidence” means p under 5%, “strong evidence” p under 1% over at least six years.

Companies traded

CompanyTitle on the latest filingPurchasesSalesFirst reportLatest report
Peoples Bancorp Inc PEBO —012March 1, 2018April 30, 2021

Trades and what followed

Moves are against the S&P 500; green means the trade went the insider’s way.

ReportedTradedCompanyTradeValue3 months after report12 months after report12 months after trade
April 30, 2021April 29, 2021 PEBO Sale $139,796 −17.8%−14.8%−17.1%
April 23, 2021April 22, 2021 PEBO Sale $195,586 −18.9%−11.0%−12.0%
October 30, 2019October 29, 2019 PEBO Sale $98,430 −4.5%−35.9%−37.1%
July 29, 2019July 29, 2019 PEBO Sale $196,396 +0.2%−43.4%−42.6%
May 1, 2019April 29, 2019 PEBO Sale $324,414 −4.3%−22.3%−24.7%
April 29, 2019April 26, 2019 PEBO Sale $63,880 −1.9%−20.9%−26.0%
January 30, 2019January 29, 2019 PEBO Sale $31,970 −5.6%−14.4%−17.7%
January 28, 2019January 28, 2019 PEBO Sale $32,330 −9.9%−17.7%−16.8%
January 28, 2019January 25, 2019 PEBO Sale $65,300 −9.9%−17.7%−14.9%
November 5, 2018November 2, 2018 PEBO Sale $148,734 −4.1%−13.4%−13.9%
November 5, 2018November 1, 2018 PEBO Sale $146,622 −4.1%−13.4%−12.8%
March 1, 2018February 27, 2018 PEBO Sale $35,260 +6.9%−9.3%−5.6%

Open-market purchases and sales of at least $10,000 in companies we cover, from SEC Form 4 filings; sales made under a pre-set Rule 10b5-1 plan are not shown. “Not yet” means the window has not finished or the share price was under $5 at entry. These are the shares’ moves after each trade: they say nothing about why Broughton George W traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.