NEW YORK (
) -- 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
, 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
insiders purchased CAFI stock
on Oct. 29 at $2.07 per share.
2. Premierwest Bancorp
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)
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
insiders bought FXNC shares
on Oct. 27, and a third one bought in September.
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