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7 Financial Stocks Insiders Are Buying

NEW YORK ( TheStreet ) -- Insider trading has been a profitable investment strategy for more than 50 years. Insider trading is most profitable when several insiders buy around the same time.

Excess returns above index funds were more than 7% per year for stocks with intensive insider purchases . Insider Monkey, your source for free insider trading data, compiled the list of companies where at least three insiders were buying; the latest purchase was made in October.

1. Camco Financial Corp (CAFI): Six insiders purchased CAFI stock on Oct. 29 at $2.07 per share.

2. Premierwest Bancorp (PRWT): Two insiders purchased PRWT stock in October and a third one bought in September. The last purchase was made by company director James Patterson, on Oct. 29 at $0.39 per share.

3. Beneficial Mutual Bancorp (BNCL - Get Report): Two insiders purchased BNCL stock in October and a third insider bought at the end of August. The August purchase was made at $8.91 per share, and the recent purchases registered a per-share price as low as $7.24.

4. Oneida Financial (ONFC - Get Report): Richard Myers, a ONFC Board of Directors member, bought 700 shares at $7.50 per share on Oct. 29. There were two other insiders buying ONFC shares in August and September.

5. First Financial Bankshares (FFIN - Get Report): Two different insiders purchased FFIN shares at the end of October between $47.1 and $47.25. A third insider purchased 1,000 shares at $46.49 in mid September.

6. Pacific Premier Bancorp (PPBI - Get Report): Jeff Jones, a PPBI Board of Directors member, bought 3,000 shares at $4.99 on Oct. 29. There were two other insiders buying at the end of August and at the beginning of September at prices $4 and $4.18.

7. First National Corp (FXNC): Two insiders bought FXNC shares on Oct. 27, and a third one bought in September.

This article was originally published at Insider Monkey .

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Meena Krishnamsetty is the editor of Insider Monkey, a Web site that provides free real-time insider-trading data. Insider Monkey houses a finance blog with commentaries and evidence based articles on the intricacies of investing and market anomalies. Insider Monkey also provides a hybrid evaluation system that exploits the market's insider transactions.

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SYM TRADE IT LAST %CHG
CAFI $6.05 -1.79%
FXNC $9.50 0.00%
BNCL $12.52 0.00%
FFIN $34.40 0.00%
ONFC $20.43 0.00%

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DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
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