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Weekly CFO Buys Highlight: SNBC, CY, NCLH, and NBTF

February 04, 2013 | About:
Guru GK

GuruFocus

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According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:



Sun Bancorp Inc. (SNBC): Executive Vice President and CFO Thomas R. Brugger Bought 20,000 Shares

Executive Vice President and CFO of Sun Bancorp Inc. (SNBC) Thomas R. Brugger bought 20,000 shares on 01/30/2013 at an average price of $3.43.

Sun Bancorp Inc. is a New Jersey corporation. The company serves as a holding company for Sun National Bank. Sun Bancorp Inc. has a market cap of $309.009 million; its shares were traded at around $3.59 with and P/S ratio of 2.3883.

On Jan. 23, 2013 Sun Bancorp Inc. reported a net loss available to common shareholders of $25.0 million, or $0.29per diluted share, for the quarter ended Dec. 31, 2012, compared to a net loss available to common shareholders of $1.5 million, or $0.02 per diluted share, for the fourth quarter of 2011.

Executive Vice President and CFO Thomas R. Brugger bought 20,000 shares of SNBC stock on 01/30/2013 at the average price of $3.43. Thomas R. Brugger owns at least 20,000 shares after this. The price of the stock has increased by 4.66% since.

Cypress Semiconductor Corporation (CY): CFO Brad W. Buss Bought 10,000 Shares

CFO of Cypress Semiconductor Corporation (CY) Brad W. Buss bought 10,000 shares on 01/25/2013 at an average price of $9.97.

Cypress Semiconductor Corporation was incorporated in California in December 1982. Cypress Semiconductor Corporation has a market cap of $1.47 billion; its shares were traded at around $10.29 with a P/E ratio of 51.0204 and P/S ratio of 1.9346. The dividend yield of Cypress Semiconductor Corporation stocks is 4.28%.

Jan. 8, 2013, Cypress Semiconductor Corp. provided preliminary, unaudited fourth quarter financial results. Consolidated revenue of $177 million to $179 million. Non-GAAP fully diluted earnings per share of $0.03 to $0.04, which is lower than our prior forecast due to lower revenue and lower gross margins due to product mix, lower manufacturing absorption and inventory related charges.

Executive Vice President Dinesh Ramanathan sold 9,602 shares of CY stock on 08/17/2012 at the average price of $12.32. Dinesh Ramanathan owns at least 115,441 shares after this. The price of the stock has decreased by 16.48% since.

Norwegian Cruise Line Holdings Ltd (NCLH): Executive Vice President and CFO Wendy A. Beck Bought 1,200 Shares

Executive Vice President and CFO of Norwegian Cruise Line Holdings Ltd (NCLH) Wendy A. Beck bought 1,200 shares on 01/24/2013 at an average price of $19.

Norwegian Cruise Line Holdings Ltd has a market cap of $5.54 billion; its shares were traded at around $27.65 with a P/E ratio of 3.5714 and P/S ratio of 0.2614.

On Oct. 30, 2012, Norwegian Cruise Line reported results for the quarter ended Sept. 30, 2012. Operating income increased 8.8% to $174.1 million in the third quarter of 2012 compared to $160.0 million in 2011 with an improvement in operating margin to 25.8% from 24.0%. Adjusted EBITDA grew 7.2% to $223.6 million from $208.6 million with an increase in Adjusted EBITDA margin to 33.2% from 31.3%. Net Revenue increased 1.8% to $498.4 million primarily due to an increase in Net Yield. With increases in both ticket and onboard and other revenue, net yield improved 1.0%, or 2.6% on a Constant Currency basis.

Senior Vice President, General Counsel and Secretary Daniel S. Farkas bought 400 shares of NCLH stock on 01/24/2013 at the average price of $19. Daniel S. Farkas owns at least 400 shares after this. The price of the stock has increased by 45.53% since.

NB&T Financial Group Inc. (NBTF): Senior Vice President and CFO Craig F. Fortin Bought 287 Shares

Senior Vice President and CFO of NB&T Financial Group Inc. (NBTF) Craig F. Fortin bought 287 shares on 01/23/2013 at an average price of $17.82.

NB&T Financial Group Inc, an Ohio corporation incorporated in 1980. NB&T Financial Group Inc. has a market cap of $62.2987 million; its shares were traded at around $18.2 with a P/E ratio of 18.3486 and P/S ratio of 1.8829. The dividend yield of NB&R Financial Group Inc. stocks is 6.59%. NB&T Financial Group Inc. had an annual average earnings growth of 5.2% over the past five years.

On Jan. 15, 2013 NB&T Financial Group Inc. announced net income for 2012 of $3.9 million, or $1.13 per share, compared to net income of $3.8 million for 2011, or $1.11 per share. Net income increased primarily due to increased non-interest income of approximately $817,000 and reduced non-interest expenses of approximately $1.6 million, offset by a decline in net interest income and increased provision for loan losses.

Senior Vice President and CFO Craig F. Fortin bought 287 shares of NBTF stock on 01/23/2013 at the average price of $17.82. Craig F. Fortin owns at least 8,183 shares after this. The price of the stock has increased by 2.13% since.

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

Rating: 2.0/5 (1 vote)

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