Citizens South Banking Corp. (CSBC) Chairman of Audit Committee Richard Kennedy Craig buys 1,000 Shares

Chairman of Audit Committee of Citizens South Banking Corp. (CSBC) Richard Kennedy Craig buys 1,000 shares of CSBC on 06/10/2011 at an average price of $4.25 a share.

Citizens South Banking Corp. has a market cap of $48.8 million; its shares were traded at around $4.24 with and P/S ratio of 0.7. The dividend yield of Citizens South Banking Corp. stocks is 0.9%. Citizens South Banking Corp. had an annual average earning growth of 17.2% over the past 10 years. GuruFocus rated Citizens South Banking Corp. the business predictability rank of 1-star.

This is the annual revenues and earnings per share of CSBC over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CSBC.

CEO Recent Trades:

• Buy: President and CEO Kim Stuart Price bought 800 shares of CSBC stock on 06/07/2011 at the average price of 4.1. Kim Stuart Price owns at least 192,970 shares after this. The price of the stock has increased by 3.41% since.
• Buy: President and CEO Kim Stuart Price bought 500 shares of CSBC stock on 12/17/2010 at the average price of 3.98. Kim Stuart Price owns at least 186,132 shares after this. The price of the stock has increased by 6.53% since.
• Sell: President and CEO Daniel Marcus Iv Boyd sold 725 shares of CSBC stock on 03/01/2011 at the average price of 4.69. Daniel Marcus Iv Boyd owns at least 31,878 shares after this. The price of the stock has decreased by 9.59% since.

This is the insider trade history vs. stock price of CSBC. For the complete insider trading history of CSBC, click here.

Directors and Officers Recent Trades:

• Buy: Chairman of Audit Committee Richard Kennedy Craig bought 3,000 shares of CSBC stock on 04/27/2011 at the average price of 4.9. Richard Kennedy Craig owns at least 7,675 shares after this. The price of the stock has decreased by 13.47% since.
• Buy: Vice Chairman of the Board Eugene Robinson Matthews Ii bought 1,000 shares of CSBC stock on 12/17/2010 at the average price of 4.1. Eugene Robinson Matthews Ii owns at least 71,561 shares after this. The price of the stock has increased by 3.41% since.
• Sell: Senior VP of subsidiary bank John Stephen Huffstetler sold 1,018 shares of CSBC stock on 03/08/2011 at the average price of 4.9. John Stephen Huffstetler owns at least 46,902 shares after this. The price of the stock has decreased by 13.47% since.

For the complete insider trading history of CSBC, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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