So what did the insiders do during the carnage of last week? According to GuruFocus Data (premium service required, free trial available), we observes that there is a cluster of buying activities among the financial institution insiders.
GuruFocus reported the unusual insider activities of Wells Fargo & Company (WFC) in this article. Data shows Wells Fargo insiders are hardly alone in the bargain hunting. Of the 50 companies that had more than one insiders buying during the past week, 18 (36%) are financial service companies. Among the 18 financial stocks:
Here is the complete list of financial companies that have two or more insider buying last week.
Thomas Weisel Partners Group Inc.(TWPG) United Bankshares Inc.(UBSI) Wells Fargo & Company(WFC) Prospect Capital Corp. (PSEC) Apollo Investment Corp. (AINV) Capital City Bank Group (CCBG) NewBridge Bancorp. (NBBC) PennantPark Investment Corp. (PNNT) Ameris Bancorp (ABCB) SCBT Financial Corp.(SCBT) National Penn Bancshares Inc. (NPBC) Hampton Roads Bankshares Inc. (HMPR) Lakeland Bancorp Inc. (LBAI) Financial Institutions Inc. (FISI) Home BancShares Inc.(HOMB) First BanCorp.(FBP) AmeriServ Financial Inc. (ASRV) Ames National Corp.(ATLO)
For detailed Insider Cluster Buy data provided by GuruFocus, click here (premium service required, free trial available),