While U.S. stocks closed lower on Thursday, there were notable insider trades worth considering.
Insider purchases often indicate confidence in a company’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.
Here’s a look at some recent insider purchases that stand out. For more insider transactions, you can check out Benzinga’s insider transactions platform.
Sound Financial Bancorp
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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. - What’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
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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. - What’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.
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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. - What’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.
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A Glimpse Inside Recent Insider Trades
Insider trading can provide valuable insights into a company’s prospects and the potential for stock value appreciation. Several recent insider purchases stand out among U.S. stocks. Here’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.
- What’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.
- What’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.
- 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.
- What’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 company’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 Benzinga’s comprehensive coverage.
“Insider purchases often indicate confidence in a company’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.”
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