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Weekly Top Insider Buys: Raymond James Financial Inc., E*TRADE Financial Corp., The Colonial BancGroup Inc., Whitney Holding Corp., Fair Isaac Corp.

February 04, 2008 | About:

Financials arerecovering from their multi year lows. Insiders are buying shares. This is the highlight of top insider buys during the past week: Raymond James Financial Inc. (RJF), E*TRADE Financial Corp. (ETFC), The Colonial BancGroup Inc. (CNB), Whitney Holding Corp. (WTNY), Fair Isaac Corp. (FIC).

Raymond James Financial Inc. (RJF): Vice Chairman, Director Francis S. Godbold Bought 100,000 Shares

Raymond James Financial, Inc. (RJF), an investment brokerage, reported a quarterly net income drop by 5% to $56.2 million or $0.47 a share, although net revenue increased by 14%. CEO and Chairman Thomas James stated that the company could not avoid losses from the sub-prime financial investments.

Martin Whitman, Third Avenue Management, Kenneth Fisher, and Bruce Sherman all own RJF holdings.

The Vice Chairman, Director Francis S. Godbold bought 100,000 shares this Thursday at $26.12. As of December of 2007, other insider buys were made between $25.79 and $34.66: Senior Vice President of Finance, Jeffrey P. Julien bought a total of 20,769 shares; President Dennis W. Zank bought 7,000 shares; Director Robert Saltzman bought 1,000 shares; and finally, CAO Jennifer C. Ackart, CEO Richard G. Averitt, and Senior Vice President Paul Matecki each bought 769 shares.

Raymond James Financial Inc. has a market cap of $3.16 billion; its shares were traded at around $28.16 with a P/E ratio of 13.06 and P/S ratio of 1.19. The dividend yield of Raymond James Financial Inc. stocks is 1.7%.

E*TRADE Financial Corp. (ETFC): Director Donald H Layton Bought 245,800 Shares; Director Donna L Weaver Bought 68,843 Shares

E*TRADE Financial Corporation (ETFC) reported a fourth quarter loss of $1.7 billion or $3.98 per share compared to a profit of $176.7 million, or $0.40 per share. Since the last quarter, the retail brokerage’s stock price have lost over 60% its value, as bonds and mortgage backed securities decreased in value. The recent insider buys totaling $1.9 million have slightly boosted the company shares. E*trade stock price have been at its lowest in the past half year.

Chris Davis upped his shares by 40% to 19,731,005 shares as of 09/30/07. Ron Baron sold out all his E-trade holdings in the same quarter.

Insider buys were made this past week around $3.99 and $4.07: Director Donald H. Layton bought 245,800 shares; Director Donna L. Weaver bought 68,843 shares; Director Stephen H. Willard bought 50,000 shares; Director Ronald Fisher bought 31,806 shares; Director Lewis E. Randall bought 29,500 shares; Directors Daryl G. Brewster and Michael K Parks each bought 24,586 shares; Director R. Jarrett Lilien bought 14,752 shares; Director C. Cathleen Raffaeli bought 12,293 shares; and lastly, Director George A. Hayter bought 4,917 shares.

E*TRADE Financial Corp. has a market cap of $2.28 billion; its shares were traded at around $4.75.

The Colonial BancGroup Inc. (CNB): Director James W. Rane Bought 50,000 Shares

The quarterly profit of Colonial BancGroup, Inc. (CNB) drops by 86% to $9 million, compared to $66.2 million. For the fourth quarter, the bank operator’s provision for loan losses was higher than expected at $93.3 million compared to $3.4 million in the previous year.

Director James W. Rane bought 50,000 shares of CNB stock on Monday at $13.88. Since December of 2007, other insider buys were made between $13.50 and $17.07: Director Clinton O. Holdbrooks bought 80,000 shares; CFO Sarah H. Moore bought 4,567 shares; Director Augustus K. Clements III bought 3,000 shares; Director Hubert L. Harris bought 2,000 shares; and Director John C. H. Miller Jr bought 1,000 shares.

The Colonial BancGroup Inc. has a market cap of $2.39 billion; its shares were traded at around $14.34 with a P/E ratio of 12.94 and P/S ratio of 2.87. The dividend yield of The Colonial BancGroup Inc. stocks is 5.5%.

Whitney Holding Corp. (WTNY): Director Angus R. Cooper II Bought 20,000 Shares

Whitney Holding Corporation (WTNY) faced a drop in quarterly earnings as bad loans continue to hike up losses. The retail bank’s earnings decreased by 11%; the quarterly net income fell to $30.2 million, compared to $33.9 million in the previous year. WTNY expect $10 million to write-off defaulted loans. The annual earnings were $151.1 million or $2.23 a share, compared to $144.6 million or $2.20 in 2006. The company plans to repurchase 4 million shares.

Bruce Sherman bought 295,299 shares in the quarter ended in September of 2007.

Director of Whitney Holding Corp. Angus R Ii Cooper bought 20,000 shares during the past week at $26.77.

Director Angus R. Cooper II bought 20,000 shares last Thursday at $25.30. Director Cooper bought another 20,000 shares in November at $24.03. Directors Richard B. Crowell, Eric J. Nickelsen, and Thomas D. Westfeldt bought 14,000 shares, 10,000 shares, and 8,000 shares, respectively between $24.50 and $26.01. Also, Executive Vice President Joseh S. Exnicios bought 3,259 shares on 11/20/07 at $24.48.

Whitney Holding Corp. has a market cap of $1.8 billion; its shares were traded at around $28.62 with a P/E ratio of 12.05 and P/S ratio of 3.06. The dividend yield of Whitney Holding Corp. stocks is 4.7%.

Fair Isaac Corp. (FIC): Director George Battle Bought 14,000 Shares

Fair Isaac Corporation (FIC) narrowed its quarterly profit by 35.2% to $20.2 million or $0.39 compared to $31.2 million or $0.52 in 2006. Fair Isaac’s revenue was also down by 4% to $199.4 million. The company shares are currently at its 52-week low. For $32 million, Fair Isaac recently purchased the software developer Dash Optimization.

Mason Hawkins bought the majority of 3,711,550 shares of FIC stock in the third quarter of 2007. George Soros and David Dreman reduced their FIC holdings by 69% and 84% respectively. Martin Whitman also currently own FIC holdings.

Director of Fair Isaac Corp. George Battle bought 14,000 shares on 01/25/08 at $25.75.

Directors William J. Lansing, James Kirsner, and George Battle made their insider buys between $23.53 and $24.46; they bought 8,000 shares, 8,000 shares, and 14,000 shares, correspondingly.

Since August of 2007, large insider sells were made at $33.71 to $36.96 by VP Larry Rosenberger, who sold a total of 20,000 shares; Executive V.P. & C.O.O. Michael Howard Campbell, who sold 10,000 shares; Sr. V.P, & CTO Bernhard Nann, who sold 4,189 shares; and Sr. Vice President Richard Deal, who sold 2,084 shares.

Fair Isaac is a provider of enterprise decision management (EDM) solutions such as credit scoring software.  Fair Isaac Corp. has a market cap of $1.27 billion; its shares were traded at around $25.69 with a P/E ratio of 15.05 and P/S ratio of 1.58. The dividend yield of Fair Isaac Corp. stocks is 0.3%.

  • 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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