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Weekly CFO Buys Highlight: Bank of South Carolina Corp., Communications Systems Inc, American Physicians Service Group Inc., DNB Financial Corp, National Security Group Inc.

April 18, 2010 | About:
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According to GuruFocus Insider Data, the largest CFO buys during the past week are Bank of South Carolina Corp. (BKSC), Communications Systems Inc (JCS), American Physicians Service Group Inc. (AMPH), DNB Financial Corp (DNBF), and National Security Group Inc. (NSEC).

Bank of South Carolina Corp. (BKSC): EVP/CFO/Treasurer Sheryl G Sharry Bought 8,000 Shares

EVP/CFO/Treasurer of Bank of South Carolina Corp. (BKSC) Sheryl G Sharry bought 8,000 shares on 04/16/2010 at an average price of $10.5. BANK OF SOUTH CAROLINA CORP. is a one-bank holding company engaged, through its subsidiary,in general banking business. Bank Of South Carolina Corp. has a market cap of $44.2 million; its shares were traded at around $11.06 with a P/E ratio of 24 and P/S ratio of 3.2. The dividend yield of Bank Of South Carolina Corp. stocks is 3.6%.

Bank of South Carolina has reported a net income $726,867, or $0.18 per share, for the first quarter ended March 31, 2010, compared to $774,902, or $0.19 per share, for the first quarter ended March 31, 2009. Total assets $270.87 million as of March 31, 2010, compared $246.96 million as of March 31, 2009.

President & CEO, 10% Owner Hugh C Lane Jr, EVP/CFO/Treasurer Sheryl G Sharry, and Director Thomas C Stevenson Iii bought shares of BKSC stock.

Communications Systems Inc (JCS): CFO & VP David T Mcgraw Bought 345 Shares

CFO & VP of Communications Systems Inc (JCS) David T Mcgraw bought 345 shares on 04/09/2010 at an average price of $12.28. Communications Systems manufactures and markets connectors and wiring devices for voice, data and video communications under the ``Suttle`` brand name in the United States and internationally. Communications Systems Inc has a market cap of $106 million; its shares were traded at around $12.68 with a P/E ratio of 17.5 and P/S ratio of 1. The dividend yield of Communications Systems Inc stocks is 4.4%.

Communications Systems, Inc. on March 16 reported 2009 net income of $6,044,000, or $0.72 per diluted share, on sales of $109,792,000. In 2008, the Company earned $6,611,000, or $0.77 per diluted share, on sales of $122,700,000. During the 2009 fourth quarter, the Company posted net income of $1,211,000, or $0.14 per diluted share, on sales of $26,336,000, as compared to net income of $1,370,000, or $0.17 per diluted share, in the 2008 fourth quarter on sales of $28,405,000.

JCS is in the portfolios of John Buckingham of Al Frank Asset Management, Inc., Jim Simons of Renaissance Technologies LLC, John Keeley of Keeley Fund Management, Chuck Royce of Royce& Associates.

CEO & President Jeffrey K Berg, CFO & VP David T Mcgraw, and 10% Owner Curtis A Sampson bought shares of JCS stock.

American Physicians Service Group Inc. (AMPH): Senior VP Finance/CFO Marc Jason Zimmermann Bought 270 Shares

Senior VP Finance/CFO of American Physicians Service Group Inc. (AMPH) Marc Jason Zimmermann bought 270 shares on 04/12/2010 at an average price of $23.93. American Physicians Service Group, Inc., through its subsidiaries, provides: financial services that include management of malpractice insurance companies and brokerage and investment services to individuals and institutions; and computer systems and software packages to medical clinics, physician-hospital organizations, and medical schools. American Physicians Service Group Inc. has a market cap of $168.8 million; its shares were traded at around $24.63 with a P/E ratio of 7.3 and P/S ratio of 2.

AMPH is in the portfolios of Chuck Royce of Royce& Associates.

CEO, 10% Owner Kenneth S Shifrin, Senior VP Finance/CFO Marc Jason Zimmermann, and Secretary William H Hayes bought shares of AMPH stock.

DNB Financial Corp (DNBF): EVP/CFO Gerald F Sopp Bought 218 Shares

EVP/CFO of DNB Financial Corp (DNBF) Gerald F Sopp bought 218 shares on 04/09/2010 at an average price of $5.85. DNB Financial Corporation is a bank holding company of DNB Financial Corporation that offers various commercial banking products and services for individuals and corporate customers in southeastern Pennsylvania. Dnb Financial Corp has a market cap of $18 million; its shares were traded at around $6.85 with a P/E ratio of 16.3 and P/S ratio of 0.6. The dividend yield of Dnb Financial Corp stocks is 1.7%.

DNB Financial Corporation on February 04, 2010 reported net income of $573,000 for the 2009 fourth quarter and net income of $1.6 million for the 2009 full year. This compares to a net loss of $230,000 for the fourth quarter of 2008 and net income of $809,000 for the 2008 full year.

Chairman/CEO William S Latoff, EVP/CFO Gerald F Sopp, and Director James J Koegel bought shares of DNBF stock.

National Security Group Inc. (NSEC): CFO Brian R Mcleod Bought 156 Shares

CFO of National Security Group Inc. (NSEC) Brian R Mcleod bought 156 shares on 04/12/2010 at an average price of $12.08. NATIONAL SECURITY GROUP, INC. is an insurance holding company. National Security Group Inc. has a market cap of $30.8 million; its shares were traded at around $12.47 with a P/E ratio of 7.3 and P/S ratio of 0.5. The dividend yield of National Security Group Inc. stocks is 4.8%.

The National Security Group, Inc. announced its financial results for the year and three month periods ended December 31, 2009. Total revenues for the year increased 8.8% to $66,004,000 compared to $60,690,000 for 2008. Net income for the year ended December 31, 2009 was $4,224,000, or $1.71 per share, compared to a net loss of ($5,204,000), or ($2.11) per share, for 2008.

CFO Brian R Mcleod and Director Donald S Pittman bought shares of NSEC stock.

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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