According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
East West Bancorp CEO bought 25,840 shares
East West Bancorp Inc. (EWBC, Financial) CEO Dominic Ng bought 25,840 shares on Aug. 29 at a price of $38.71. The price of the stock has increased by 6.25% since.
East West Bancorp is the holding company for East West Bank, a full-service commercial bank with cross-border operations concentrated in the United States and China. East West Bank is one of a few U.S.-based banks with a full banking license in China. The bank's cost strategy has increasingly focused on expanding its deposit base away from time deposits to commercial deposits. The bank has also taken part in entertainment partnerships between participants in China and Hollywood. Most of these efforts include financing the production and distribution of film and television projects. The bank leverages its cultural and regulatory knowledge in the U.S. and China to assist its customers entering new markets. Most of its earning assets are in loans held for investment. The company has a market cap of $5.77 billion. Its shares traded at $41.13 with a price-earnings ratio of 9.14 as of Aug. 30.
Net income for the second quarter of 2019 was $150.4 million compared to $172.3 million for the prior-year quarter.
Chief Financial Officer Irene H. Oh bought 6,400 shares on Aug. 27 at a price of $39.1. The price of the stock has increased by 5.19% since.
Executive Vice President Andy Yen bought 1,300 shares on Aug. 28 at a price of $38.92. The price of the stock has increased by 5.68% since.
Director Rudolph Estrada bought 1,000 shares on Aug. 27 at a price of $38.51. The price of the stock has increased by 6.8% since.
Director Iris S. Chan bought 2,500 shares on Aug. 27 at a price of $39.19. The price of the stock has increased by 4.95% since.
Director Lester Sussman bought 1,000 shares on Aug. 27 at a price of $38.11. The price of the stock has increased by 7.92% since.
Executive Vice President Douglas Paul Krause bought 6,400 shares on Aug. 27 at a price of $39.19. The price of the stock has increased by 4.95% since.
Intel CEO bought 10,918 shares
Intel Corp. (INTC, Financial) CEO Robert Holmes Swan bought 10,918 shares on Aug. 28 at a price of $45.70. The price of the stock has increased by 3.74% since.
Intel is one of the world's largest chipmakers. It designs and manufactures microprocessors and platform solutions for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It is also the prime proponent of Moore's law for advances in semiconductor manufacturing. The company has a market cap of $205.19 billion. Its shares traded at $47.41 with a price-earnings ratio of 11.01 as of August 30.
Second quarter net income for 2019 was $4.2 billion compared to $5.0 for the same period of 2018.
Chief Financial Officer George S. Davis bought 5,458 shares on August 28 at a price of $45.7. The price of the stock has increased by 3.74% since.
LyondellBasell Industries CEO bought 7,246 shares
LyondellBasell Industries NV (LYB, Financial) CEO Bhavesh V. Patel bought 7,246 shares on Aug. 23 at a price of $68.85. The price of the stock has increased by 12.39% since.
LyondellBasell is a petrochemical producer with operations in the U.S. and Europe. The company is a major producer of polyethylene, the world's largest producer of polypropylene, and the second-largest producer of propylene oxide. Its chemicals are used in various consumer and industrial end products. The company has a market cap of $24.80 billion. Its shares traded at $77.38 with a price-earnings ratio of 8.12 as of Aug. 30.
Net income for the second quarter of 2019 was $1.0 billion compared to $1.65 billion for the same period a year ago.
Director Jagjeet S. Bindra bought 1,360 shares on August 14 at a price of $73.48. The price of the stock has increased by 5.31% since.
TriState Capital Holdings CEO bought 25,000 shares
TriState Capital Holdings Inc. (TSC, Financial) Chairman, President, and CEO James F. Getz bought 25,000 shares on August 28 at a price of $19.41. The price of the stock has increased by 1.75% since.
TriState Capital Holdings is a bank holding company. The company, through its subsidiaries, provides banking products and services serving the middle-market businesses in markets throughout the states of Pennsylvania, Ohio, New Jersey and New York. The company has a market cap of $573.03 million. Its shares traded at $19.75 with a price-earnings ratio of 10.29 as of Aug. 30.
Net income was $13.5 million in the second quarter of 2019, compared to $13.8 million in the prior year quarter.
CEO of Chartwell Investment Partners Timothy J. Riddle bought 1,162 shares on August 6 at a price of $19.74; another 1,162 shares at the same price later that day; and 3,838 shares on August 7 at a price of $19.43. The price of the stock has increased by 1.65% since.
Chie Financial Officer David J. Demas bought 1,000 shares on Aug. 21 at a price of $19.45. The price of the stock has increased by 1.54% since.
W&T Offshore CEO bought 100,000 shares
W&T Offshore Inc. (WTI, Financial) Chairman, CEO, President and 10% Owner Tracy W. Krohn bought 100,000 shares on August 23 at a price of $4.06. The price of the stock has increased by 7.88% since.
W&T Offshore is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of the company's revenue, with natural gas accounting for a much smaller portion. The company has a market cap of $616.22 million. Its shares traded at $4.38 with a price-earnings ratio of 3.67 as of Aug. 30.
Net income for the second quarter of 2019 was $36.4 million, compared to $36.1 million for the year-ago quarter.
Krohn bought 21,500 shares on August 8 at a price of $4.47; 22,563 shares on Aug. 15 at a price of $4.17; and 14,925 shares on Aug. 16 at a price of $4.38. The price of the stock has decreased by 0% since.
Executive Vice President and General Manager of the Gulf of Mexico William J. Williford bought 10,000 shares on August 26 at a price of $4.12. The price of the stock has increased by 6.31% since.
General Counsel, Vice President, and Corporate Secretary Shahid Ghauri bought 6,000 shares on Aug. 6 at a price of $4.1 and 1,850 shares on Aug. 8 at a price of $4.49. The price of the stock has decreased by 2.45% since.
Executive Vice President of Drilling and Completions David M. Bump sold 13,500 shares on August 23 at a price of $4.31. The price of the stock has increased by 1.62% since.
For the complete list of stocks bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
