Free 7-day Trial
All Articles and Columns »

First BanCorp. (FBP) CEO Aurelio Aleman buys 15,000 Shares

Nov 28, 2011 | About: FBP +0.82%
Decrease Font Size Increase Font Size PrintPrint EmailEmail
insider
insider
President & CEO of First BanCorp. (FBP) Aurelio Aleman buys 15,000 shares of FBP on 11/23/2011 at an average price of $3.47 a share.

First Bancorp has a market cap of $73.29 million; its shares were traded at around $3.44 with and P/S ratio of 0.08.


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




Directors and Officers Recent Trades:


  • Chairman of the Board Roberto R Herencia bought 30,000 shares of FBP stock on 11/22/2011 at the average price of 3.5. Roberto R Herencia owns at least 86,472 shares after this. The price of the stock has decreased by 1.71% since.
  • Chairman of the Board Roberto R Herencia bought 6,400 shares of FBP stock on 11/21/2011 at the average price of 3.48. Roberto R Herencia owns at least 56 shares after this. The price of the stock has decreased by 1.15% since.
  • Chairman of the Board Roberto R Herencia bought 36,700 shares of FBP stock on 11/18/2011 at the average price of 3.5. Roberto R Herencia owns at least 50,072 shares after this. The price of the stock has decreased by 1.71% since.
  • Director Perello Jose F Rodriguez bought 5,000 shares of FBP stock on 11/10/2011 at the average price of 3.6. Perello Jose F Rodriguez owns at least 50,268 shares after this. The price of the stock has decreased by 4.44% since.
  • Director Perello Jose F Rodriguez bought 8,064 shares of FBP stock on 11/09/2011 at the average price of 3.79. Perello Jose F Rodriguez owns at least 45,268 shares after this. The price of the stock has decreased by 9.23% since.


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

Tickers in the article:

  • 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.

» Take a Free Trial of Premium Membership

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


Rate this article:

Rating: 4.0/5 (1 vote)

Email FeedsSubscribe via Email RSS FeedsSubscribe RSS

Comments

Please leave your comment:



More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $104 per referral. ( Learn More)
Free 7-day Trial