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): 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): 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): 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): 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 .Select the service that is right for you!
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