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Weekly Top CFO Buys: FCAL, BRO,BKMU, TUES, OILT

July 31, 2011 | About:
gururk

gururk

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According to GuruFocus Insider Data, these are the largest CFO buys during the past week: First California Financial Group Inc. (FCAL), Brown & Brown Inc. (BRO), Bank Mutual Corp. (BKMU), Tuesday Morning Corp. (TUES), Oiltanking Partners L.P. (OILT).

First California Financial Group Inc. (FCAL): Senior Executive Vice President, COO and CFO Romolo Santarosa Bought 180,000 Shares



Senior Executive Vice President of First California Financial Group Inc. Romolo Santarosa bought 180,000 shares on July 20, 2011, at an average price of $3.75. First California Financial Group Inc. has a market cap of $103.9 million; its shares were traded at around $3.66 with a P/E ratio of 6.2 and P/S ratio of 1.6.

On July 26, First California Financial Group Inc. reported second quarter net income of $2.4 million compared with $147,000 for the same quarter a year ago. Net income available to common shareholders was $2.1 million, or $0.07 per diluted share, compared to a net loss available to common shareholders of $166,000, or $0.01 per share, for the 2010 second quarter. Preferred dividends were $312,500 each for the second quarters of 2011 and 2010.

This month, President & CEO Chong Guk Kum, Senior Executive Vice President, COO and CFO Romolo Santarosa, Executive Vice President of Business Banking Division Mgr Donald W Macaulay, Executive Vice President, Chief Credit Officer William A. Schack, and Executive Vice President Edmond Russell Sahakian bought shares of FCAL stock.

Brown & Brown Inc. (BRO): CFO, Senior Vice President & Treasurer Cory T. Walker Bought 20,000 Shares



CFO, Senior Vice President & Treasurer of Brown & Brown Inc. Cory T. Walker bought 20,000 shares on July 21, 2011, at an average price of $21.82. Brown & Brown Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care, and Medicare set-aside services and programs. Brown & Brown Inc. has a market cap of $3.12 billion; its shares were traded at around $21.81 with a P/E ratio of 19.7 and P/S ratio of 3.2. The dividend yield of Brown & Brown Inc. stocks is 1.5%. Brown & Brown Inc. had an annual average earnings growth of 10.9% over the past 10 years.

On July 18, Brown & Brown Inc. announced its financial results for the second quarter of 2011. Net income for the second quarter of 2011 was $37,035,000, or $0.26 per share, compared with $41,185,000, or $0.29 per share for the same quarter of 2010, a decrease of 10.1%. Total revenue for the second quarter ended June 30, 2011 was $246,816,000, compared with 2010 second-quarter revenue of $243,665,000, an increase of 1.3%.

Last week, CFO, Senior Vice President & Treasurer Cory T. Walker bought 20,000 shares of BRO stock. Regional President C. Roy Bridges sold 30,000 shares in April and Regional Executive VP Anthony T. Strianese sold 5,000 shares in March.

Bank Mutual Corp. (BKMU): Senior Vice President and CFO Michael W. Dosland Bought 10,100 Shares



Senior Vice President and CFO of Bank Mutual Corp. Michael W. Dosland bought 10,100 shares on July 26, 2011, at an average price of $3.75. 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 $170.6 million; its shares were traded at around $3.71 with and P/S ratio of 1.1. The dividend yield of Bank Mutual Corp. stocks is 1.1%.

On July 22, Bank Mutual Corporation announced that its net loss for the second quarter of 2011 was $51.4 million or $1.12 per diluted share. Year to date, net income (loss) was $(50.3) million or $(1.10) per diluted share in the first six months of 2011 compared to $2.8 million or $0.06 per diluted share in the same period last year.

Last week, Senior Vice President-CFO Michael W Dosland bought 10,100 shares of BKMU stock. Senior Vice President Gregory A Larson bought 11,850 shares in May.

Tuesday Morning Corp. (TUES): CFO Stephanie Bowman Bought 10,000 Shares



CFO of Tuesday Morning Corp. Stephanie Bowman bought 10,000 shares on July 19, 2011, at an average price of $4.03. Tuesday Morning Corp. is a closeout retailer of upscale home furnishings, gifts and related items in the US. Tuesday Morning Corp. has a market cap of $185.3 million; its shares were traded at around $4.3 with a P/E ratio of 14.9 and P/S ratio of 0.2. Tuesday Morning Corp. had an annual average earnings growth of 0.1% over the past 5 years.

On July 13, Tuesday Morning Corporation reported net sales for the fourth quarter ended June 30, 2011 were $194.8 million compared to $200.8 million for the quarter ended June 30, 2010, a decrease of 3.0%. For the fiscal year ended June 30, 2011, net sales were $821.2 million compared to $828.3 million for fiscal 2010.

This month, CEO Kathleen Mason sold 14,501 shares of TUES stock. CFO Stephanie Bowman and COO Michael J. Marchetti bought shares this month.

Oiltanking Partners L.P. (OILT): CFO Kenneth F. Owen Bought 7,500 Shares

CFO of Oiltanking Partners L.P. (OILT) Kenneth F. Owen bought 7,500 shares on 07/19/2011 at an average price of $21.5.

This month, President, CEO and Chairman Carlin G. Conner, CFO Kenneth F. Owen, VP of Marketing and Sales Robert J. Mccall, Controller Donna Y. Hymel, Director David L. Griffis, Vice President of Operations Kevin L. Campbell, and Vice President of Corporate Affairs Jan P. Vogel bought shares of OILT stock.

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

Rating: 2.7/5 (3 votes)

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