Weekly CFO Buys Highlight: Northeast Bancorp and PokerTek Inc.
Northeast Bancorp (NBN): CFO and COO Claire S Bean Bought 71,788 Shares
CFO and COO of Northeast Bancorp (NBN) Claire S Bean bought 71,788 shares on 12/29/2010 at an average price of $13.93. NORTHEAST BANCORP (ME)is a savings and loan holding company whose primary assets is its subsidiary, Northeast Bank, F. Northeast Bancorp has a market cap of $35.8 million; its shares were traded at around $15.3 with a P/E ratio of 18.8 and P/S ratio of 0.8. The dividend yield of Northeast Bancorp stocks is 2.4%.
Northeast Bancorp announced first quarter net income for the period ended September 30, 2010 of $960,691, an increase of 94% over net income of $495,669 for the same period in the previous fiscal year. Strong growth in noninterest income, specifically in gain on loan sales and investment fee income, coupled with steady growth in lower cost core deposits, contributed to the overall growth of net income available to common stockholders to $0.38 per diluted share for the first quarter of fiscal 2011, compared to $0.19 per diluted share during the first quarter of fiscal 2010.
CEO Richard Wayne, CFO and COO Claire S Bean, and Director Robert R Glauber bought shares of NBN stock.
PokerTek Inc. (PTEK): CEO & CFO Mark Daniel Roberson Bought 5,000 Shares
CEO & CFO of PokerTek Inc. (PTEK) Mark Daniel Roberson bought 5,000 shares on 12/31/2010 at an average price of $0.71. PokerTek, Inc. was formed to develop and market the PokerPro system, an electronic poker table that provides a fully-automated poker room environment, to tribal casinos, commercial casinos, and card clubs. Pokertek Inc. has a market cap of $10.5 million; its shares were traded at around $0.7 with and P/S ratio of 1.6.
PokerTek, Inc. reported financial results for the third quarter ended September 30, 2010. PokerTek, Inc. Total revenue for the third quarter of 2010 was $1.5 million compared to $1.3 million for the third quarter of 2009. Net loss from continuing operations improved 43% to $0.7 million ($0.05 per share) from $1.2 million ($0.10 per share) for the quarter and 47% to $2.4 million ($0.16 per share) from $4.5 million ($0.40 per share) on a year-to-date basis.
CEO & CFO Mark Daniel Roberson and Director, 10% Owner Gehrig H White sold shares of PTEK.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.