Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
At First Financial Bankshares, a filing with the SEC revealed that on Tuesday, Director Johnny Trotter bought 2,000 shares of FFIN, at a cost of $45.60 each, for a total investment of $91,200.
Investors are able to snag FFIN even cheaper than Trotter did, with shares trading as low as $44.62 in trading on Thursday which is 2.1% under Trotter's purchase price.
First Financial Bankshares, is trading off about 0.4% on the day Thursday.
Before this latest buy, Trotter bought FFIN at 7 other times during the past year, for a total cost of $544,500 at an average of $37.55 per share.
And also on Tuesday, Director Glenn P.
Reynolds purchased $37,940 worth of National Bankshares, purchasing 1,000 shares at a cost of $37.94 each.
National Bankshares is trading off about 0.2% on the day Thursday.
Bargain hunters can pick up NKSH even cheaper than Reynolds did, with the stock trading as low as $36.61 in trading on Thursday -- that's 3.5% below Reynolds's purchase price.