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Washington Banking Company (WBCO) CEO John L Wagner buys 2,500 Shares

November 24, 2009 | About:
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CEO of Washington Banking Company (WBCO) John L Wagner buys 2,500 shares of WBCO on 11/24/2009 at an average price of $9 a share.

Washington Banking Company is a registered bank holding company whose wholly-owned subsidiary, Whidbey Island Bank, a Washington state-chartered bank, conducts a full-service community commercial banking business. Washington Banking Company has a market cap of $93.5 million; its shares were traded at around $9.79 with a P/E ratio of 18.5 and P/S ratio of 1.5. The dividend yield of Washington Banking Company stocks is 1%. Washington Banking Company had an annual average earning growth of 12% over the past 5 years.

Insiders' Positions with WBCO


  • Buy:: Director Dennis A Wintch bought 1,500 shares of WBCO stock on 09/10/2009 at the average price of 9.65, the price of the stock has increased by 1.45% since

  • Buy:: Director Gregg A Davidson bought 1,000 shares of WBCO stock on 08/31/2009 at the average price of 9.7, the price of the stock has increased by 0.93% since

  • Buy:: Director Jay T Lien bought 3,335 shares of WBCO stock on 08/25/2009 at the average price of 9.83, the price of the stock has decreased by 0.41% since


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Tickers in the article:

  • 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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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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