Insiders Buying Texas Capital Bancshares And 3 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders at four companies, Nuvectis Pharma, B. Riley Financial, Independent Bank Corporation, and Texas Capital Bancshares, have made notable purchases of their companies' stocks. This could indicate confidence in the companies' prospects or that the insiders view the stocks as a bargain. However, insider purchases should not be the sole indicator for making an investment or trading decision.
July 28, 2023 | 1:56 pm
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POSITIVE IMPACT
Director Dennis Archer Jr bought 6,000 shares of Independent Bank Corporation at an average price of $19.26. The bank reported better-than-expected second-quarter financial results.
The insider purchase following strong Q2 results could indicate confidence in the bank's future performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
10% owner Charles Mosseri-Marlio acquired 10,000 shares of Nuvectis Pharma at an average price of $13.97. The company recently announced FDA clearance of NXP900 IND.
Insider purchases often indicate confidence in the company's prospects. The recent FDA clearance could be a positive catalyst for the company.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Co-CEO Thomas J. Kelleher acquired 9,633 shares of B. Riley Financial at an average price of $54.10. The company recently priced its share offering at $55 per share.
The insider purchase, especially by a Co-CEO, could indicate confidence in the company's prospects following the recent share offering.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Director Robert Stallings bought 2,000 shares of Texas Capital Bancshares at an average price of $61.98. The bank posted upbeat second-quarter results.
The insider purchase following positive Q2 results could indicate confidence in the bank's future performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100