According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:
Wells Fargo CEO bought 39,000 shares
Wells Fargo and Co. (WFC, Financial) CEO and President Timothy J. Sloan bought 39,000 shares for $51.65 per share on April 17. The stock price has increased by 2.61% since.
Wells Fargo is a diversified financial services company. It provides retail, corporate and commercial banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions. The company has a market cap of $264.83 billion. Its shares traded at $53 with a price-earnings (P/E) ratio of 13.25 as of April 21.
The company reported net income of $5.5 billion for the first quarter of 2017 compared with $5.5 billion for the first quarter of 2016 and $5.3 billion for the fourth quarter of 2016.
Director Stephen W. Sanger bought 58,342 shares for $51.65 per share on April 17. The stock price has increased by 2.61% since.
OPKO Health CEO bought 56,400 shares
OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% owner Phillip Frost bought 56,400 shares during the past week.
Frost bought 13,600 shares for $7.48 per share on April 17; 27,800 shares for $7.26 per share on April 18; and 15,000 shares for $7.49 per share on April 19.
OPKO is a diversified health care company. Its operating business segments are diagnostics and pharmaceutical. The company has a market cap of $4.17 billion. Its shares traded at $7.47 with a P/E ratio of -162.39 as of April 21.
Consolidated revenue was $275.5 million for the quarter ended Dec. 31, 2016. Net loss was $13.7 million for the quarter, compared to net income of $1.6 million for the comparable period of 2015.
Texas Capital Bancshares CEO bought 5,000 shares
Texas Capital Bancshares Inc. (TCBI, Financial) President and CEO C. Keith Cargill bought 5,000 shares for $73.57 per share on April 21. The stock price has increased by 1.47% since.
Texas Capital is a registered bank holding and a financial holding company. It offers personalized financial services to businesses and individual clients. The company has a market cap of $3.7 billion. Its shares traded at $74.65 with a P/E ratio of 24.00 as of April 21.
The company reported net income of $42.5 million for the quarter ended March 31 compared to net income of $25.1 million for the same period in 2016.
PacWest Bancorp CEO bought 2,072 shares
PacWest Bancorp (PACW, Financial) CEO and President Matthew P. Wagner bought 2,072 shares for $47.75 per share on April 19. The stock price has increased by 1.49% since.
PacWest is a bank holding company. It provides commercial banking services, including real estate, construction and commercial loans, and comprehensive deposit and treasury management services to small and medium-sized businesses. The company has a market cap of $5.81 billion. Its shares traded at $48.46 with a P/E ratio of 16.73 as of April 21.
The company reported net earnings for the first quarter of $78.7 million compared to net earnings of $85.6 million for the fourth quarter of 2016.
Executive Vice President and Chief Financial Officer Patrick J. Rusnak bought 2,000 shares for $47.75 per share on April 19.  The stock price has increased by 1.49% since.
Executive Vice President of Corporate Development and Investor Relations Donald D. Destino bought 500 shares for $47.92 per share on April 19. The stock price has increased by 1.13% since.
Guess? CEO bought 3,100 shares
Guess? Inc. (GES, Financial) CEO and Director Amigo Victor Herrero bought 3,100 shares for $10.92 per share on April 17. The stock price has increased by 3.48% since.
Guess? designs, markets, distributes and licenses a lifestyle collection of contemporary apparel and accessories for men, women and children that reflects the American lifestyle and European fashion sensibilities. The company has a market cap of $935.21 million. Its shares traded at $11.3 with a P/E ratio of 42.48 as of April 21.
For the fourth quarter of fiscal 2017, the company recorded GAAP net earnings of $6.6 million, an 86.3% decrease from $47.8 million for the fourth quarter of fiscal 2016. GAAP diluted earnings per share decreased 86.0% to 8 cents for the fourth quarter of fiscal 2017, from 57 cents for the prior-year quarter.
Total net revenue for the fourth quarter of fiscal 2017 increased 3.2% to $679.3 million compared to $658.3 million in the prior-year quarter.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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