Over the past seven days there were three companies from the financial industry that have reported group insider buying coming from their directors. The following banks all operate as regional banks serving select communities throughout the U.S.
NewBridge Bancorp (NBBC)
On July 19, NewBridge Bancorp reported seven insiders making buys of company stock. These buys come as the share price is nearing a 5-year high of $7.84. The insiders making buys were all directors which include: Julius Young Jr., Kenan Wright, Joseph Kinnarney, Donald Johnson, James Branch, Robert Clark and Alex Diffey Jr.
These directors purchased a total of 3,299 shares of NewBridge stock. The insiders purchased these shares at an average price of $8.22 per share. This cost the directors a combined total of $27,117.78. Since their transactions, the price per share has increased approximately 7.3%.
NewBridge Bank is a community bank headquartered in Greensboro, N.C. The company serves small to midsize businesses, professionals and consumers with an array of financial services, including retail and commercial banking, private banking, wealth management and mortgage banking.
NewBridge Bank’s historical price, revenue and net income:
The company recently announced that they would be acquiring Security Savings Bank, a state mutual savings bank, also located in North Carolina.
The analysis on the company reports:
· The revenue has been in decline over the past five years.
· The P/S ratio is at a 5-year high.
NewBridge Bancorp has a market cap of $238.3 million. Its shares are currently being traded at around $8.82 with a P/S ratio of 2.50 and a P/B ratio of 1.70.
S.Y. Bancorp (SYBT)
Eight directors made insider buys of S.Y. Bancorp this past week. These buys come as the share price continues to exceed its previous 3-year high. The eight directors making buys include: Stephen Priebe, Nicholas Simon, Norman Tasman, Bruce Madison, Charles Edinger III, Carl Herde, Richard Lechleiter and Richard Northern.
The directors purchased a total of 768 shares at $26.98 per share. These transactions cost the insiders a combined $20,720.64. Since these buys, the price per share has increased approximately 1.15%.
These insider buys are not the first reported for the company this month. At the beginning of the month nine insiders made buys at $24.99 per share. Since those transactions, the price per share has increased nearly 10%.
S.Y. Bancorp is a bank holding company and is the parent company of Stock Yards Bank & Trust Company, which was established in 1904 in Louisville, Ky. The bank offers financial services through its Wealth Management Group, which provides investment management and trust services. The company has been recognized by U.S. Banker on several occasions as one of the top-performing banks in the nation.
S.Y. Bancorp’s historical price, revenue and net income:
The company recently released its second quarter results which reported a net income totaling $6.4 million or $0.45 per diluted share as well as the successful acquisition of the BANCorp, which reduced second quarter earnings by $0.04 per diluted share.
According to the Peter Lynch Chart, S.Y. Bancorp appears to be undervalued:
S.Y. Bancorp has a market cap of $383.6 million. Its shares are currently being traded at around $27.29 with a P/E ratio of 14.50, a P/S ratio of 3.40 and a P/B ratio of 1.80. The company had an annual average earnings growth of 2.8% over the past ten years. S.Y. Bancorp has the business predictability rank of 3.5-star.
Jim Simons and Tom Russo hold positions in S.Y. Bancorp. Click here to see their holding histories.
DNB Financial (DNBF)
On July 22, five directors of DNB Financial made insider buys. These insider buys come as the share price of DNB stocks is sitting at a 5-year high. The five directors making buys include: James Koegel, James Thornton, Gerard Griesser, Thomas Fillippo and Mildred Joyner.
These directors bought a total of 2,024 shares of company stock at a price of $16.53 per share. This cost the directors a combined transaction amount of $33,456.72. Since these buys, the price per share has increased an additional 7.68%.
DNB Financial Corp. is a bank holding company whose bank subsidiary, DNB First, National Association, is a community bank headquartered in Downingtown, Pa., with 13 locations. DNB First offers brokerage and insurance services through DNB Investments & Insurance, and trust services through DNB First Wealth Management.
DNB Financial’s historical price, revenue and net income:
The company recently released its second quarter financial results which reported:
· Net income of $1.21 million, or $0.44 per diluted share compared with $1.27 million or $0.46 per share in the same quarter 2012.
· The ratio of non-performing loans to total loans as of June 30 declined to 2.60% from 4.05% at March 31.
· Total assets increased $28.06 million or 4.39% to $667.63 million, up from $639.57 million at Dec. 2012.
The Peter Lynch Chart shows that DNB Financial appears to be undervalued:
DNB Financial has a market cap of $47.6 million. Its shares are currently being traded at around $17.80 with a P/E ratio of 9.50, a P/S ratio of 1.80 and a P/B ratio of 1.10. The company has seen an annual average earnings growth of 12.3% over the past ten years.
DNB Financial is currently not held by any gurus.
You can view all insider cluster buys here. Also check out CEO and CFO buys and sells here.
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- 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.