Weekly CFO Buys Highlight: Rocky Brands Inc., MainSource Financial Group Inc, NewBridge Bancorp, StarTek Inc., Citizens First Corp.

Weekly CFO Buy Highlighs: CKY, MSFG, NBBC, SRT, CZFC

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Sep 14, 2009
According to GuruFocus Insider Data, these are the largest CFO buys during the past week. Rocky Brands Inc., MainSource Financial Group Inc, NewBridge Bancorp, StarTek Inc., and Citizens First Corp.

Rocky Brands Inc. (RCKY, Financial): EVP, CFO and Treasurer James E Mcdonald Bought 11,000 Shares

EVP, CFO and Treasurer of Rocky Brands Inc. (RCKY) James E Mcdonald bought 11,000 shares on 09/10/2009 at an average price of $5.05. Rocky Brands Inc. is a leading designer manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky Outdoor Gear Georgia Boot Durango Lehigh and the licensed brand Dickies. Rocky Brands Inc. has a market cap of $27.7 million; its shares were traded at around $4.99 with a P/E ratio of 45.3 and P/S ratio of 0.1. Rocky Brands Inc. had an annual average earning growth of 0.8% over the past 5 years.

Rocky Brands Inc. recently reported fiscal results for its second quarter 2009 ended June 30, 2009. Net loss in the second quarter of 2009 was $1.4 million ($0.25 per diluted share), compared to a net income of $0.7 million ($0.13 per diluted share) in the same quarter of the previous year. Revenues in the second quarter of 2009 were $51.2, compared to $60.5 in the same quarter previous year.

Buy: Director Harley E Jr Rouda bought 2,000 shares of RCKY stock on 05/04/2009 at the average price of $3.94; the price of the stock has increased by 26.65% since.

MainSource Financial Group Inc (MSFG, Financial): Sr. VP and CFO James M Anderson Bought 5,226 Shares

Sr. VP and CFO of MainSource Financial Group Inc (MSFG) James M Anderson bought 5,226 shares on 09/03/2009 at an average price of $5.74. MainSource Financial Group Inc. is a community-focused multi-bank financial services oriented holding company. Mainsource Financial Group Inc has a market cap of $121.4 million; its shares were traded at around $6.03 with a P/E ratio of 13.4 and P/S ratio of 0.7. The dividend yield of Mainsource Financial Group Inc stocks is 3.3%. Mainsource Financial Group Inc had an annual average earning growth of 0.2% over the past 5 years.

MainSource Financial Group Inc. recently reported fiscal results for its first quarter 2009 ended March 31, 2009. Net income in the first quarter of 2009 was $1.18 million ($0.03 per diluted share), compared to $6.25 million ($0.34 per diluted share) in the same quarter of the previous year. Revenues in the quarter of 2009 were $2.87 billion, compared to $2.52 in the same quarter previous year.

Buy: President and CEO Archie M Jr Brown bought 1,422 shares of MSFG stock on 08/06/2009 at the average price of $6.66 and 2,500 shares of MSFG stock on 08/18/2009 at the average price of $6.75; the price of the stock has decreased by 10.67% since. Buy: Chairman Robert E Hoptry bought 1,000 shares of MSFG stock on 08/14/2009 at the average price of $6.4 and 8,000 shares of MSFG stock on 09/01/2009 at the average price of $6.02; the price of the stock has increased by 0.17% since. Buy: Director Brian J Crall bought 1,640 shares of MSFG stock on 08/25/2009 at the average price of $6.75; the price of the stock has decreased by 10.67% since. Buy: Director Douglas I Kunkel bought 7,000 shares of MSFG stock on 08/18/2009 at the average price of $6.8; the price of the stock has decreased by 11.32% since. Buy: Director D J Hines bought 2,000 shares of MSFG stock on 08/06/2009 at the average price of $6.75; the price of the stock has decreased by 10.67% since.

NewBridge Bancorp (NBBC, Financial): EVP and CFO Ramsey K Hamadi Bought 7,500 Shares

EVP and CFO of NewBridge Bancorp (NBBC) Ramsey K Hamadi bought 7,500 shares during the past week at an average price of $2.28. LSB Bancshares Inc. is a bank holding company whose principal business is providing banking and other financial services through its banking subsidiary. LSB Bancshares is the parent holding company of Lexington State Bank. Newbridge Bancorp has a market cap of $32.9 million; its shares were traded at around $2.11 with and P/S ratio of 0.2.

NewBridge Bancorp recently reported fiscal results for its second quarter 2009 ended June 30, 2009. Net loss in the second quarter of 2009 was $5.9 million ($0.42 per diluted share), compared to $260,000 ($0.02 per diluted share) in the same quarter of the previous year.

Buy: Director James David Branch bought 575 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 2.43% since. Buy: Director Joseph H Kinnarney bought 875 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 2.43% since. Buy: Director Elizabeth S Ward bought 825 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 2.43% since. Buy: Director John F Watts bought 875 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 2.43% since. Buy: Director Julius S Jr Young bought 390 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 2.43% since.

StarTek Inc. (SRT, Financial): CFO, Treasurer, EVP David G Durham Bought 3,500 Shares

CFO, Treasurer, EVP of StarTek Inc. (SRT) David G Durham bought 3,500 shares on 09/03/2009 at an average price of $7.31. StarTek Inc. is a global provider of process management services and owns and operates branded vertical market Internet web sites. Their process management service platforms include E-commerce support and fulfillment provisioning management for telecommunications systems high-end inbound technical support and an offering of supply chain management services. As an outsourcer of process management services as its core business StarTek allows its clients to focus on their primary business reduce overhead replace fixed costs with variable costs and reduce working capital needs. Startek Inc. has a market cap of $118 million; its shares were traded at around $7.95 with and P/S ratio of 0.4.

StarTek Inc. recently reported fiscal results for its second quarter 2009 ended June 30, 2009. The Company reported second quarter 2009 revenue of $73.3 million, representing growth of 12.0% over the second quarter of 2008. Revenue for the first six months of 2009 grew 10.7% to $144.0 million.

Citizens First Corp (CZFC, Financial): EVP and CFO Steve Marcum Bought 2,000 Shares

EVP and CFO of Citizens First Corp (CZFC) Steve Marcum bought 2,000 shares on 09/10/2009 at an average price of $4.3. CITIZENS FIRST CORPORATION operates as a holding company for Citizens First Inc. which provides various banking and financial services primarily to individual and corporate customers in Barren Hart Simpson and Warren counties Kentucky. The company's deposit portfolio primarily includes checking accounts regular savings accounts NOW accounts money market accounts sweep accounts fixed and variable-rate IRA accounts certificate of deposit accounts and safety deposit boxes. It makes commercial loans principally to small and medium-sized businesses; originates and maintains commercial real estate loans; and offers residential mortgage loans to borrowers for purchasing and refinancing one to four family properties. Citizens First Corp has a market cap of $8.2 million; its shares were traded at around $4.16 with and P/S ratio of 0.4.

Citizens First Corp. recently reported fiscal results for its second quarter 2009 ended June 30, 2009. For the quarter, net loss before dividends to preferred shareholders was $(1.6) million. Net loss available to common shareholders was ($1.8) million or, $(0.93) per basic and diluted common share for the quarter ending June 30, 2009. The net loss was primarily attributable to a $2.9 million provision for loan losses in the second quarter.

Buy: Director John T Perkins bought 2,000 shares of CZFC stock on 04/24/2009 at the average price of $5.49; the price of the stock has decreased by 24.23% since. Buy: Director R Kevin Vance bought 1,000 shares of CZFC stock on 03/31/2009 at the average price of $3.96; the price of the stock has increased by 5.05% since.

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.