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Weekly CEO Buys Highlight: WINA, AROW, HBAN, ANCX, MNRK

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



Winmark Corporation (WINA): Chairman and CEO, 10% Owner John L. Morgan Bought 4,100 Shares

Chairman and CEO, 10% Owner of Winmark Corporation (WINA) John L. Morgan bought 4,100 shares on April 22, 2013 at an average price of $60.91. Winmark Corporation was incorporated in Minnesota in 1988. Winmark Corporation has a market cap of $303.736 million; its shares were traded at around $60.91 with a P/E ratio of 23.5849 and a P/S ratio of 5.74. The dividend yield of Winmark Corporation stocks is 0.26%. Winmark Corporation had an annual average earnings growth of 23.6% over the past 10 years.

WINA recently reported a net income for the quarter ended March 30, 2013 of $4,057,500 (or $.78 per share diluted) compared to a net income of $3,516,000 (or $.67 per share diluted) in the first quarter of 2012.

Director Jenele C. Grassle sold 2,500 shares of WINA stock on Dec. 12, 2012 at the average price of 56.3. Jenele C. Grassle owns at least 6,500 shares after this. The price of the stock has increased by 8.19% since.

Arrow Financial Corporation (AROW): President and CEO Thomas J. Murphy Bought 2,500 Shares

President and CEO of Arrow Financial Corporation (AROW) Thomas J. Murphy bought 2,500 shares on April 22, 2013 at an average price of $23.86. Arrow Financial Corporation was incorporated on March 21, 1983 in the state of New York. Arrow Financial Corporation has a market cap of $287.429 million; its shares were traded at around $23.86 with a P/E ratio of 12.9032 and a P/S ratio of 3.39. The dividend yield of Arrow Financial Corporation stocks is 4.15%. Arrow Financial Corporation had an annual average earnings growth of 3.7% over the past 10 years.

Arrow Financial Corp. recently reported its fourth quarter 2012 net income of $174.7 million, or $1.62 per share on a diluted basis, compared with a net income of $174.1 million, or $1.53 per share on a diluted basis in the fourth quarter of 2011.

Executive Vice President and CFO Terry R. Goodemote sold 69 shares of AROW stock on Feb. 21, 2013 at the average price of $24.55. Terry R. Goodemote owns at least 10,010 shares after this. The price of the stock has decreased by 2.81% since.

Huntington Bancshares Inc. (HBAN): President, CEO and Chairman Stephen D. Steinour Bought 7,600 Shares

President, CEO and Chairman of Huntington Bancshares Inc. (HBAN) Stephen D. Steinour bought 7,600 shares on April 19, 2013 at an average price of $7.11. Huntington Bancshares, Inc. was organized under Maryland law in 1966 and headquartered in Columbus, Ohio. Huntington Bancshares Inc. has a market cap of $5.99 billion; its shares were traded at around $7.11 with a P/E ratio of 10.01 and a P/S ratio of 2.29. The dividend yield of Huntington Bancshares Inc. stocks is 2.25%.

Huntington recently reported its 2013 first quarter net income of $151.8 million, a decrease of $1.5 million, or 1%, from the 2012 first quarter and a decrease of $15.5 million, or 9%, from the 2012 fourth quarter. Earnings per common share were $0.17, unchanged from the same quarter a year ago and down $0.02 from the prior quarter.

Arnold Schneider owns 2,892,452 shares as of March 31, 2013, which accounts for 1.9% of the $1.1 billion portfolio of Schneider Capital Management. Arnold Schneider owns 3,102,743 shares as of Dec. 31, 2012, which accounts for 1.9% of the $1.1 billion portfolio of Schneider Capital Management. Ray Dalio sold out his holdings in the quarter that ended Dec. 31, 2012.

Director David L. Porteous bought 4,740 shares of HBAN stock on April 22, 2013 at the average price of $6.95. David L. Porteous owns at least 683,533 shares after this. The price of the stock has increased by 2.3% since.

Access National Corporation (ANCX): President and CEO Michael W. Clarke Bought 3,500 Shares

President and CEO of Access National Corporation (ANCX) Michael W. Clarke bought 3,500 shares on April 26, 2013 at an average price of $12.22. Access National Corporation was organized in June 15, 2002 under the laws of Virginia to operate as a bank holding company for Access National Bank and Access National Capital Trust II. Access National Corporation has a market cap of $125.657 million; its shares were traded at around $12.22 with a P/E ratio of 7.148 and a P/S ratio of 1.47. The dividend yield of Access National Corporation stocks is 2.37%. Access National Corporation had an annual average earnings growth of 10.8% over the past 10 years.

ANCX recently reported its first quarter net income of $3.7 million, a $247,000 increase over the $3.4 million recorded in the first quarter of 2012. This represents the company’s 51st consecutive quarterly profit over its 53-quarter history. The net income per diluted common share was $0.35, an increase of 6% over the $0.33 reported in the first quarter of 2012.

Senior Vice President and CFO Margaret M. Taylor bought 673 shares of ANCX stock on Feb. 25, 2013 at the average price of $15.92. Margaret M. Taylor owns at least 673 shares after this. The price of the stock has decreased by 23.24% since. Other insiders have decreased their positions in the company.

Monarch Financial Holdings, Inc. (MNRK): Monarch Mortgage, CEO William T. Morrison Bought 4,000 Shares

CEO of Monarch Financial Holdings, Inc. (MNRK): Monarch Mortgage, William T. Morrison bought 4,000 shares on April 25, 2013 at an average price of $10.06. Monarch Financial Holdings, Inc. was created on June 1, 2006 through a reorganization plan, under the laws of the commonwealth of Virginia, in which Monarch Bank became its wholly-owned subsidiary. Monarch Financial Holdings, Inc. has a market cap of $105.827 million; its shares were traded at around $10.06 with a P/E ratio of 8.0451 and a P/S ratio of 0.39. The dividend yield of Monarch Financial Holdings, Inc. stocks is 1.82%. Monarch Financial Holdings, Inc. had an annual average earnings growth of 24.5% over the past 10 years.

Director Lawton H. Baker bought 90 shares of MNRK stock on Dec. 13, 2012 at the average price of $8.43. Lawton H. Baker owns at least 7,209 shares after this. The price of the stock has increased by 19.34% since.

  • 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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