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Weekly Top CFO Buys: TRST, SIBC, DLIA, MEI, JCS

July 17, 2011 | About:
gurujk

gurujk

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According to GuruFocus Insider Data, these are the largest CFO buys during the past week: TrustCo Bank Corp. NY (TRST), State Investors Bancorp Inc. (SIBC), dELIA*s Inc. (DLIA), Methode Electronics Inc. (MEI) and Communications Systems Inc. (JCS).

TrustCo Bank Corp. NY (TRST): CFO & Executive Vice President Robert T. Cushing Bought 21,735 Shares

CFO & Executive Vice President of TrustCo Bank Corp. NY, Robert T. Cushing, bought 21,735 shares on 07/06/2011 at an average price of $4.6. TrustCo Bank Corp. NY is a one bank holding company, engaged through its subsidiary, in general banking. TrustCo Bank Corp NY has a market cap of $373.6 million; its shares were traded at around $4.83 with a P/E ratio of 12.4 and P/S ratio of 2. The dividend yield of TrustCo Bank Corp NY stocks is 5.4%.

On April 19, TrustCo Bank Corp. NY announced net income for the first quarter of 2011 of $7.4 million, up 6.4% over the prior-year period and equal to diluted earnings per share of $0.096, as compared to net income of $6.9 million and diluted earnings per share of $0.090 for the first quarter of 2010. The first quarter of 2011 also saw continued core balance sheet growth.

This month, President & CEO Robert J. Mccormick, CFO & EVP Robert T. Cushing, VP & Assistant Secretary Thomas M. Poitras, Director William J. Purdy, Director Thomas O. Maggs, Director Gennaro Dennis A. De, and Executive Vice President & Chief Banking Officer Scot R. Salvador bought shares of TRST stock.

State Investors Bancorp Inc. (SIBC): CFO Daniel Mcgowan Bought 20,200 Shares



CFO of State Investors Bancorp Inc., Daniel Mcgowan, bought 20,200 shares on 7/06/2011 at an average price of $10.

This month, President and CEO Anthony S. Sciortino, CFO Daniel Mcgowan, Director Dalton L. Woolverton, Senior Vice President and Chief Deposit Officer Gerald F. Plough, Senior Vice President and Chief Lending Officer Christopher G. Pike, Director Mahlon L. Oustalet, and Director Joseph J. Lepow bought shares of SIBC stock.

dELIA*s Inc. (DLIA): CFO and Treasurer David J. Dick Bought 7,500 Shares



CFO and Treasurer of dELIA*s Inc., David J. Dick, bought 7,500 shares on 07/08/2011 at an average price of $1.75. dELIA*s Inc. Inc. has a market cap of $59.6 million; its shares were traded at around $1.9 with and P/S ratio of 0.3.

This month, CFO and Treasurer David J. Dick, President, dELiA*s Brand Dyan Jozwick, Director Michael Zimmerman, and President, dELiA*s Brand Dyan Jozwick bought shares of DLIA stock.

On May 26, dELiA*s Inc. announced the results for its first quarter of fiscal 2011. Total revenue for the first quarter of fiscal 2011 decreased 1.6% to $49.1 million from $50.0 million in the first quarter of fiscal 2010. Revenue from the retail segment increased 4.0% to $27.0 million, or 55.0% of total revenue. Revenue from the direct segment decreased 7.7% to $22.1 million, or 45.0% of total revenue.

Methode Electronics Inc. (MEI): CFO Douglas A. Koman Bought 1,263 Shares



CFO of Methode Electronics Inc., Douglas A. Koman, bought 1,263 shares on 07/12/2011 at an average price of $13.29. Methode Electronics Inc. manufactures component devices world-wide for Original Equipment Manufacturers of information processing and networking equipment, voice and data communications systems, consumer electronics, automobiles, aerospace vehicles and industrial equipment. Methode Electronics Inc. has a market cap of $390.9 million; its shares were traded at around $10.58 with a P/E ratio of 19.1 and P/S ratio of 0.9. The dividend yield of Methode Electronics Inc. stocks is 2.7%.

On June 30, Methode Electronics Inc. announced financial results for the fiscal 2011 fourth quarter and year ended April 30, 2011. Methode's fourth-quarter fiscal 2011 net sales increased $22.8 million, or 23.6 percent, to $119.4 million from $96.6 million in the fourth quarter of fiscal 2010. Net income attributable to Methode Electronics, Inc. decreased $6.0 million to $10.1 million, or $0.27 per share, in the fourth quarter of fFiscal 2011 from $16.1 million, or $0.44 per share, in the same period of fiscal 2010.

Methode Electronics Inc. is in the portfolios of John Keeley, James Barrow, and Mario Gabelli.

This month, CEO Donald W. Duda, CFO Douglas A. Koman, Director Stephen F. Gates, Senior Vice President Worldwide Automotive Thomas D. Reynolds, Vice President and General Manager NA Automotive Timothy Glandon, Controller and Treasurer Ronald L.g. Tsoumas, and Director Paul G Shelton bought shares of MEI stock.

Communications Systems Inc. (JCS): CFO David T. Mcgraw Bought 289 Shares

CFO of Communications Systems Inc., David T. Mcgraw, bought 289 shares on 7/08/2011 at an average price of $16.13. Communications Systems manufactures and markets connectors and wiring devices for voice, data and video communications under the "Suttle" brand name in the United States and internationally. Communications Systems Inc. has a market cap of $159.7 million; its shares were traded at around $18.95 with a P/E ratio of 14.6 and P/S ratio of 1.4. The dividend yield of Communications Systems Inc. stocks is 3.1%. Communications Systems Inc. had an annual average earnings growth of 25.9% over the past 10 years. GuruFocus rated Communications Systems Inc. the business predictability rank of 2.5-star.

On May 9, Communications Systems Inc. reported financial results for its first quarter ended March 31, 2011. For the three months ended March 31, 2011, net income was $2,558,000, or $0.30 per diluted share, on sales of $31,023,000. In 2010, the company earned $1,331,000, or $0.16 per diluted share, on sales of $25,882,000.

This month, President and CEO William G. Schultz, CFO David T. Mcgraw, Vice President Michael J. Skucius, Controller Kristin Hlavka, and Vice President Bleick Karen J. Nesburg bought shares of JCS 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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