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Weekly CFO Buys Highlight: Riverview Bancorp, BioScrip, Cascade Financial, Bank Mutual, Sykes Enterprises, MEMC Electronic Materials, MFA Mortgage Investments

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According to GuruFocus Insider Data, the largest CFO buys during the past week were Riverview Bancorp Inc, BioScrip Inc., Cascade Financial Corp., Bank Mutual Corp., Sykes Enterprises Inc., MEMC Electronic Materials Inc., and MFA Mortgage Investments Inc.

EVP/CFO of Riverview Bancorp Inc (RVSB) Kevin J Lycklama bought 20,000 shares on 07/29/2010 at an average price of $1.8. Riverview Bancorp, Inc. is a holding company for Riverview Savings Bank. Riverview Bancorp Inc has a market cap of $21.8 million; its shares were traded at around $2 with and P/S ratio of 0.4.

Riverview Bancorp, Inc. reported that net income increased to $1.8 million, or $0.16 per diluted share, for the first fiscal quarter ended June 30, 2010, compared to $343,000, or $0.03 per diluted share, for the first quarter a year ago. Net income was $1.8 million, or $0.16 per diluted share.

Chairman/CEO Patrick Sheaffer, EVP/CFO Kevin J Lycklama, and Director Edward R Geiger bought shares of RVSB stock.

[b]BioScrip Inc. (BIOS): CFO Stanley Rosenbaum Bought 20,000 Shares


CFO of BioScrip Inc. (BIOS) Stanley Rosenbaum bought 20,000 shares on 08/05/2010 at an average price of $4.24. BioScrip provides comprehensive pharmaceutical care solutions. Bioscrip Inc. has a market cap of $243.3 million; its shares were traded at around $4.54 with a P/E ratio of 19.7 and P/S ratio of 0.2.

BioScrip, Inc. announced 2010 second quarter revenue of $412.0 million, operating income of $13.5 million and net income of $3.1 million, or $0.06 per diluted share. Second quarter adjusted earnings per share (detailed in schedule 5) was $0.07 per diluted share. Revenue for the second quarter of 2010 totaled $412.0 million compared to $328.7 million for the same period a year ago, an increase of 25%.

BIOS is in the portfolios of Jeff Auxier of Auxier Focus Fund, Paul Tudor Jones of The Tudor Group, Jeremy Grantham of GMO LLC, Steven Cohen of SAC Capital Advisors.

CFO Stanley Rosenbaum and Executive Vice President Barry A Posner bought shares of BIOS stock.

Director Myron Z Holubiak, Senior Vice President Scott Friedman, and Former director Steven Karl Schelhammer bought shares of BIOS stock.

Cascade Financial Corp. (CASB): CFO Debra L Johnson Bought 10,000 Shares

CFO of Cascade Financial Corp. (CASB) Debra L Johnson bought 10,000 shares on 07/29/2010 at an average price of $0.38. Cascade Bancorp is a bank holding company. The company, through its subsidiaries, offers a broad range of commercial and personal banking services to its customers. Cascade Financial Corp. has a market cap of $5 million; its shares were traded at around $0.41 with and P/S ratio of 0.1.

CASB is in the portfolios of Chuck Royce of Royce& Associates.

CEO, President Carol K Nelson, CFO Debra L Johnson, and Director Janice Halladay bought shares of CASB stock.

Bank Mutual Corp. (BKMU): Senior Vice President-CFO Michael W Dosland Bought 10,000 Shares

Senior Vice President-CFO of Bank Mutual Corp. (BKMU) Michael W Dosland bought 10,000 shares on 08/05/2010 at an average price of $6.02. Bank Mutual Corporation is a financial institution holding company for two subsidiary banks, Mutual Savings Bank and First Northern Savings Bank. Bank Mutual Corp. has a market cap of $276.4 million; its shares were traded at around $6.08 with a P/E ratio of 46.8 and P/S ratio of 1.5. The dividend yield of Bank Mutual Corp. stocks is 4.6%. Bank Mutual Corp. had an annual average earning growth of 8.5% over the past 10 years.

Bank Mutual Corporation reported net income in the second quarter of 2010 of $731,000 or $0.02 per diluted share compared to $3.8 million or $0.08 per diluted share during the same period in the previous year. Net loan-related fees and servicing revenue was $94,000 during the three months ended June 30, 2010, compared to $39,000 in the same period of 2009.

BKMU is in the portfolios of Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC.

Senior Vice President-CFO Michael W Dosland bought shares of BKMU stock.

Director Thomas H Buestrin sold shares of BKMI stock.

Sykes Enterprises Inc. (SYKE): SVP & CFO W Michael Kipphut Bought 10,000 Shares

SVP & CFO of Sykes Enterprises Inc. (SYKE) W Michael Kipphut bought 10,000 shares on 08/05/2010 at an average price of $11.65. Sykes Enterprises, Inc. is a leader in providing vertically integrated technology-based solutions through an integrated strategy combining its information technology services with an emerging e-commerce platform. Sykes Enterprises Inc. has a market cap of $563.4 million; its shares were traded at around $11.89 with a P/E ratio of 8.6 and P/S ratio of 0.7. Sykes Enterprises Inc. had an annual average earning growth of 106.5% over the past 5 years.

Sykes Enterprises, Incorporated announced second-quarter 2010 financial results. Second quarter 2010 revenues of $299.2 million increased $90.3 million, or 43.3%, over the comparable quarter last year; second quarter 2010 revenues included $98.5 million in contribution from the ICT acquisition. Second quarter 2010 diluted earnings per share was $0.05 versus $0.35 in the comparable quarter last year and below the Company's second quarter 2010 business outlook earnings per share range of $0.20 to $0.22.

SYKE is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors.

CEO & President Charles E Sykes, SVP & Secretary James T Holder, and Director H Parks Helms sold shares of SYKE stock.

SVP & CFO W Michael Kipphut bought shares of SYKE stock.

MEMC Electronic Materials Inc. (WFR): SVP & CFO Timothy Charles Oliver Bought 8,000 Shares

SVP & CFO of MEMC Electronic Materials Inc. (WFR) Timothy Charles Oliver bought 8,000 shares on 08/05/2010 at an average price of $9.52. MEMC Electronic Materials, Inc. is a global producer of polysilicon and silicon wafers. Memc Electronic Materials Inc. has a market cap of $2.27 billion; its shares were traded at around $9.98 with and P/S ratio of 1.9.

MEMC Electronic Materials, Inc. announced its financial results for the second quarter ending June 30, 2010. Net sales for the quarter were $448.3 million, up 2.4% from $437.7 million in the 2010 first quarter and up 58.5% from $282.9 million in the second quarter of 2009. MEMC's net income for the 2010 second quarter was $13.8 million, or $0.06 per share, compared to a net loss of $9.6 million, or $0.04 per share, in the 2010 first quarter and a net income of $1.4 million, or $0.01 per share, in the 2009 second quarter.

WFR is in the portfolios of Arnold Van Den Berg of Century Management, Ronald Muhlenkamp of Muhlenkamp Fund, George Soros of Soros Fund Management LLC, Stanley Druckenmiller of Duquesne Capital Management, LLC, Louis Moore Bacon of Moore Capital Management, LP, Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors.

SVP & CFO Timothy Charles Oliver, Principal Accounting Officer Denis Mccarthy, and SVP Sales & Mktg. John Anthony Kauffmann bought shares of WFR stock.

MFA Mortgage Investments Inc. (MFA): President, CFO William S Gorin Bought 6,000 Shares

President, CFO of MFA Mortgage Investments Inc. (MFA) William S Gorin bought 6,000 shares on 08/05/2010 at an average price of $7.26. MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. Mfa Mortgage Investments Inc. has a market cap of $2.06 billion; its shares were traded at around $7.34 with a P/E ratio of 7 and P/S ratio of 3.8. The dividend yield of Mfa Mortgage Investments Inc. stocks is 10.5%.

MFA Financial, Inc. announced financial results for the quarter ended June 30, 2010. For the second quarter ended June 30, 2010, MFA generated net income available to common stock of $46.3 million, or $0.16 per share of common stock.

MFA is in the portfolios of Arnold Schneider of Schneider Capital Management, David Dreman of Dreman Value Management, Chuck Royce of Royce& Associates, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors.

Chairman and CEO Stewart Zimmerman, President, CFO William S Gorin, and Senior VP and General Counsel Timothy W Korth bought shares MFA stock.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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