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Weekly CFO Buys Highlight: PVF Capital Corp., First Midwest Bancorp Inc., Bank of Hawaii Corp., Old Point Financial Corp.

January 31, 2010 | About:
gurujk

gurujk

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According to GuruFocus Insider Data, the largest CFO buys during the past week were PVF Capital Corp. (PVFC), First Midwest Bancorp Inc. (FMBI), Bank of Hawaii Corp. (BOH), and Old Point Financial Corp (OPOF).

Old Point Financial Corp. (OPOF): CFO & SVP/FINANCE Laurie D Grabow Bought 500 Shares

CFO & SVP/FINANCE of Old Point Financial Corp. (OPOF) Laurie D Grabow bought 500 shares on 01/28/2010 at an average price of $14.45. Old Point Financial Corporation was incorporated for the purpose of acquiring all the outstanding common stock of The Old Point National Bank of Phoebus. Old Point Financial Corp. has a market cap of $69.9 million; its shares were traded at around $14.24 with and P/S ratio of 1.2. The dividend yield of Old Point Financial Corp. stocks is 2.8%. Old Point Financial Corp. had an annual average earning growth of 9.1% over the past 5 years.

Old Point Financial Corp. reported financial results for the fourth quarter 2009. Basic earnings per share in the fourth quarter were $0.19; down from $0.42 in the fourth quarter of 2008. Diluted earnings per share went from $0.41 in the fourth quarter of 2008 to $0.18 in the same period of 2009.

OPOF is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES.

CFO & SVP/FINANCE Laurie D Grabow, Director Robert L Riddle, SVP/OPFC Melissa L Burroughs, Director David L Bernd, and SVP/Operations Robert F Jr Shuford bought the company’s stock recently.

Bank of Hawaii Corp. (BOH): Vice Chairman & CFO Kent Thomas Lucien Bought 500 Shares

Vice Chairman & CFO of Bank of Hawaii Corp. (BOH) Kent Thomas Lucien bought 500 shares on 01/29/2010 at an average price of $45.59. Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. Bank Of Hawaii Corp. has a market cap of $2.18 billion; its shares were traded at around $45.48 with a P/E ratio of 15.5 and P/S ratio of 2.6. The dividend yield of Bank Of Hawaii Corp. stocks is 3.9%. Bank Of Hawaii Corp. had an annual average earning growth of 3.5% over the past 10 years.

Bank of Hawaii Corporation reported diluted earnings per share of $0.84 for the fourth quarter of 2009, up from $0.76 per diluted share in the previous quarter, and higher than the $0.82 per diluted share for the same quarter last year. Net income in the fourth quarter of 2009 was $40.5 million, up from net income of $36.5 million in the third quarter of 2009, and higher than net income of $39.3 million in the fourth quarter last year. The return on average assets for the fourth quarter of 2009 was 1.31 percent and the return on average equity for the quarter was 16.91 percent.

BOH is in the portfolios of Private Capital of Private Capital Management, Richard Aster Jr of Meridian Fund, David Dreman of Dreman Value Management, Chuck Royce of ROYCE & ASSOCIATES, Bill Frels of MAIRS & POWER INC.

Vice Chairman & CFO Kent Thomas Lucien, Vice Chair Donna A Tanoue, Director Mary G F Bitterman, Corporate Secretary & Mark Alan Rossi, Director Robert W Jr Wo, and President Peter S Ho bought the company’s stock recently..

First Midwest Bancorp Inc. (FMBI): EVP, CFO Paul F Clemens Bought 455 Shares

EVP, CFO of First Midwest Bancorp Inc. (FMBI) Paul F Clemens bought 455 shares on 01/20/2010 at an average price of $11. FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. First Midwest Bancorp Inc. has a market cap of $721.1 million; its shares were traded at around $13.16 with and P/S ratio of 1.6. The dividend yield of First Midwest Bancorp Inc. stocks is 0.3%. First Midwest Bancorp Inc. had an annual average earning growth of 4.1% over the past 5 years.

FMBI is in the portfolios of Stanley Druckenmiller of Duquesne Capital Management, LLC, Kenneth Fisher of Fisher Asset Management, LLC, Bruce Kovner of Caxton Associates.

First Midwest Bancorp, Inc reported financial results for the fourth quarter and year 2009. Full year loss of $25.8 million and diluted loss per share of $0.71 compared to 2008 full year earnings of $49.3 million and diluted earnings per share of $1.00. Net loss was $37.5 million for fourth quarter 2009 vs. $3.4 million net income for third quarter 2009 and $26.9 million net loss for fourth quarter 2008.

President & CEO Michael L Scudder, EVP, CFO Paul F Clemens, EVP, Corporate Secretary Cynthia A Lance, Director Robert P Omeara, Director John E Rooney, Director Ellen A Rudnick, and Group President, Retail Banking Janet M Viano bought the company’s stock recently.

PVF Capital Corp. (PVFC): CFO James H Nicholson Bought 100 Shares



CFO of PVF Capital Corp. (PVFC) James H Nicholson bought 100 shares on 01/25/2010 at an average price of $2.5. PVF CAPITAL CORP. is a federal stock savings bank, engaged in general banking business. Member FDIC. Pvf Capital Corp. has a market cap of $20.1 million; its shares were traded at around $2.51 with and P/S ratio of 0.5.

PVFC is in the portfolios of John Buckingham of Al Frank Asset Management, Inc.

President and CEO Robert J Jr King, CFO James H Nicholson, Director Stuart D Neidus, and Director Marty E Adams bought the company’s stock recently..

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.

  • 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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