Weekly CFO Buys Highlight: Sothebys, Bank of Commerce Holdings, Legg Mason

Recent insider buys from company CFOs

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Jan 31, 2016
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According to GuruFocus Insider Data, the recent CFO buys were: Sothebys (BID, Financial), Bank of Commerce Holdings Inc. (BOCH, Financial) and Legg Mason Inc. (LM, Financial).

Sothebys (BID, Financial): Interim CFO Dennis M Weibling bought 4,000 shares

On Jan. 28, Weibling bought 4,000 shares at an average price of $23. The price of the stock has increased by 2.13%. Sothebys has a market cap of $1.57 billion and its shares were traded at around $23.49. The company has a P/E ratio of 12.89 and P/S ratio of 1.67 with a dividend yield of 1.70%. Over the past 10 years, Sothebys had an annual average earnings growth of 3.20%.

Sothebys announced its 2015 third-quarter results with revenues of $137.99 million and gross profit of $81.88 million, while the net loss was -$17.89 million. The 2014 total revenue was $938.05 million, a 10% increase from the 2013 total revenue. The 2014 gross profit was $774.75 million, a 5% increase from the 2013 gross profit. The 2014 net income was $117.80 million.

On Aug. 12, President and CEO Thomas S. Smith Jr., sold 1,091 shares at an average price of $37.96. The price of the stock has decreased by 38.12%. On Jan. 26, Director Harry James Wilson bought 3,000 shares at an average price of $22.96. The price of the stock has increased by 2.31%. On Jan. 26, Director Olivier Reza bought 10,000 shares at an average price of $22.65. The price of the stock has increased by 3.71%.

Bank of Commerce Holdings Inc. (BOCH, Financial): EVP and CFO James A Sundquist bought 10,000 shares

On Jan. 27, Sundquist bought 10,000 shares at an average price of $5.75. The price of the stock has increased by 2.43%. Bank Of Commerce Holdings Inc. has a market cap of $78.772 million and its shares were traded at around $5.89. The company has a P/E ratio of 9.61 and P/S ratio of 2.10 with a dividend yield of 2.04%.

Bank of Commerce Holdings Inc. announced its 2015 third-quarter results with revenues of $10.54 million; the net income was $2.53 million. The 2014 total revenue was $41.01 million, a 0.5% increase from the 2013 total revenue. The 2014 net income was $5.73 million.

On Jan. 26, Director Joseph Gibson bought 7,600 shares at an average price of $5.8. The price of the stock has increased by 1.55%. On Dec. 10, Director Terence John Street bought 10,000 shares at an average price of $7. The price of the stock has decreased by 15.86%. On Nov. 4, Director Lyle L Tullis bought 5,000 shares at an average price of $6.45. The price of the stock has decreased by 8.68%.

Legg Mason Inc. (LM, Financial): Exec VP and CFO Peter Nachtwey bought 20,000 shares

On Jan. 26, Nachtwey bought 20,000 shares at an average price of $29.92. The price of the stock has increased by 2.34%. Legg Mason Inc. has a market cap of $3.3 billion; its shares were traded at around $30.62 with a P/E ratio of 10.81 and P/S ratio of 1.21. The dividend yield of Legg Mason Inc. stocks is 2.48%.

Legg Mason Inc. announced its 2015 second-quarter results with gross profit of $659.81 millon, while the net income was $64.32 million. The 2015 total revenue and gross profit was $2.76 billion, a 3% increase from the 2014 total revenue and gross profit. The 2015 net income was $237.08 million.

On Jan. 26, Chairman, President and CEO Joseph A Sullivan bought 25,000 shares at an average price of $29.81. The price of the stock has increased by 2.72%. On Jan. 26, Director John V Murphy bought 5,000 shares at an average price of $29.74. The price of the stock has increased by 2.96%. On Jan. 26, Director John H Myers bought 2,000 shares at an average price of $29.77. The price of the stock has increased by 2.86%.