Insiders Buying Texas Capital Bancshares And 3 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders at four U.S.-listed companies have recently made notable stock purchases, signaling potential confidence in their respective companies. Arrow Financial Corporation's COO Andrew Wise bought 1,000 shares, while Mid Penn Bancorp Inc's Director Bruce A Kiefer also acquired 1,000 shares. Sound Financial Bancorp Inc saw purchases by 10% owner Stilwell Partners LP, and Texas Capital Bancshares Inc's Director Robert Stallings bought 4,294 shares. These insider trades suggest optimism or undervaluation, which could be a positive sign for investors.
November 27, 2023 | 1:26 pm
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NEUTRAL IMPACT
Mid Penn Bancorp's Director Bruce A Kiefer bought 1,000 shares at $21.09 each despite the company posting downbeat earnings for the third quarter.
The insider purchase might offset the negative impact of the downbeat earnings report, leading to a neutral short-term impact on the stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Sound Financial Bancorp's 10% owner Stilwell Partners LP acquired 2,500 shares at $36.25 each after a decline in third-quarter sales.
The insider purchase by a significant owner may suggest confidence in the company's future despite a sales decline, potentially stabilizing the stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Arrow Financial's COO Andrew Wise purchased 1,000 shares at $24.49 each after the company reported upbeat third-quarter earnings.
The insider purchase by the COO, combined with recent upbeat earnings, could be a positive signal to investors and may lead to a short-term increase in stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Texas Capital Bancshares' Director Robert Stallings bought 4,294 shares at $26.27 each, following a price target reduction from $66 to $61 by RBC Capital.
The insider purchase could indicate that the director believes the stock is undervalued after the price target cut, which may lead to a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80