HomeMarket NewsSmall CapsInsiders Purchase Shares in Texas Capital Bancshares and Other Stocks

Insiders Purchase Shares in Texas Capital Bancshares and Other Stocks

Actionable Trade Ideas

always free

image12



While U.S. stocks closed lower on Thursday, there were notable insider trades worth considering.


Insider purchases often indicate confidence in a companyโ€™s prospects or a belief that the stock is undervalued. While this can be a signal to go long on the stock, it should not be the sole factor in making investment decisions. At most, it can provide additional conviction for a buying decision.


Hereโ€™s a look at some recent insider purchases that stand out. For more insider transactions, you can check out Benzingaโ€™s insider transactions platform.


Sound Financial Bancorp


  • The Trade: Sound Financial Bancorp, Inc.
    SFBC
    10% owner Stilwell Partners LP acquired a total of 2,502 shares at an average price of $36.50. The cost of these shares was approximately $91,322.
  • Whatโ€™s Happening: Sound Financial Bancorp reported a decline in third-quarter sales.
  • What Sound Financial Bancorp Does: Sound Financial Bancorp Inc is the holding company for Sound Community Bank, which offers traditional banking and other financial services for individuals and businesses.




Five Star Bancorp


  • The Trade: Five Star Bancorp
    FSBC
    Director David J. Lucchetti acquired a total of 5,405 shares at an average price of $18.69. The cost of these shares was approximately $101,019.
  • Whatโ€™s Happening: Five Star Bancorp is expected to report its financial results for the quarter ended Sept. 30, 2023, on Monday, Oct. 30, 2023.
  • What Five Star Bancorp Does: Five Star Bancorp is a California state-chartered non-member bank that offers a broad range of banking products and services to small and medium-sized businesses, professionals, and individuals.


Texas Capital Bancshares


  • The Trade: Texas Capital Bancshares, Inc.
    TCBI
    Director Robert Stallings bought a total of 1,000 shares at an average price of $53.15. The cost of these shares was approximately $53,150.
  • Whatโ€™s Happening: Texas Capital Bancshares reported better-than-expected quarterly results.
  • What Texas Capital Bancshares Does: Texas Capital Bancshares Inc is a secured lender, with the majority of its loans held for investment, excluding mortgage finance loans and other national lines of business.


ย 


Check out our premarket coverage here.







A Glimpse Inside Recent Insider Trades

Insider trading can provide valuable insights into a companyโ€™s prospects and the potential for stock value appreciation. Several recent insider purchases stand out among U.S. stocks. Hereโ€™s a closer look at these purchases and the companies involved:

Sound Financial Bancorp

  • The Trade: Sound Financial Bancorp, Inc. (NASDAQ: SFBC) 10% owner Stilwell Partners LP acquired 2,502 shares at an average price of $36.50, totaling approximately $91,322.
  • Whatโ€™s Happening: Sound Financial Bancorp reported a decline in third-quarter sales.
  • What Sound Financial Bancorp Does: Sound Financial Bancorp is the holding company for Sound Community Bank, which offers traditional banking and other financial services for individuals and businesses.

Five Star Bancorp

  • The Trade: Five Star Bancorp (NASDAQ: FSBC) Director David J. Lucchetti acquired 5,405 shares at an average price of $18.69, totaling approximately $101,019.
  • Whatโ€™s Happening: Five Star Bancorp is expected to report its financial results for the quarter ended September 30, 2023, on Monday, October 30, 2023.
  • What Five Star Bancorp Does: Five Star Bancorp is a California state-chartered non-member bank that offers a broad range of banking products and services to small and medium-sized businesses, professionals, and individuals.

Texas Capital Bancshares

  • The Trade: Texas Capital Bancshares, Inc. (NASDAQ: TCBI) Director Robert Stallings bought 1,000 shares at an average price of $53.15, totaling approximately $53,150.
  • Whatโ€™s Happening: Texas Capital Bancshares reported better-than-expected quarterly results.
  • What Texas Capital Bancshares Does: Texas Capital Bancshares is a secured lender that focuses on loans held for investment, excluding mortgage finance loans and other national lines of business.

Insider purchases like these can be an indication of confidence in a companyโ€™s future performance or a belief that the stock is undervalued. While this information should not be the sole factor in making investment decisions, it can provide additional conviction when considering a stock purchase.

For more insights into insider trading activities and other market news, be sure to check out Benzingaโ€™s comprehensive coverage.


โ€œInsider purchases often indicate confidence in a companyโ€™s prospects or a belief that the stock is undervalued. While this can be a signal to go long on the stock, it should not be the sole factor in making investment decisions. At most, it can provide additional conviction for a buying decision.โ€
โ€“ [Your Name]

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.