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Weekly CEO Buys Highlight

GuruFocus.com
·5 mins read

According to GuruFocus Insider Data, these were the largest CEO buys during the past week.

Trustco Bank Corp NY

Trustco Bank Corp NY (NASDAQ:TRST) Chairman, President and CEO Robert J. McCormick bought 65,000 shares on April 27 at a price of $5.91. The price of the stock has increased by 4.57% since then.

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Trustco Bank Corp NY is a savings and loan holding company. The core part of a business consists of accepting deposits and making loans and investments. It offers a range of both personal and business banking services.

The company has a market cap of $595.96 million. Its shares traded at $6.18 with a price-earnings ratio of 10.58 as of May 1.

First quarter 2020 net income was $13.313 million compared to $14.56 million for the first quarter of 2019.

Director Lisa M. Lucarelli bought 4,100 shares on April 29 at a price of $6.29. Since then, the price of the stock has decreased by 1.75%.

Executive Vice President and Chief Lending Officer Scot R. Salvador bought 8,158 shares on April 28 at a price of $6.09. The price of the stock has increased by 1.48% since then.

Senior Vice President and Treasurer Eric W. Schreck bought 4,455 shares on April 24 at a price of $5.61. Since then, the price of the stock has increased by 10.16%.

General Counsel and Secretary Michael James Hall bought 2,500 shares on April 24 at a price of $5.56. The price of the stock has increased by 11.15% since then.

Executive Vice President and Chief Risk Officer Robert M. Leonard bought 18,234 shares on April 24 at a price of $5.48. Since then, the price of the stock has increased by 12.77%.

Simmons First National Corp.

Simmons First National Corp. (NASDAQ:SFNC) Chairman and CEO George Makris Jr. bought 16,000 shares on April 24 at a price of $17.04. The price of the stock has increased by 4.58% since then.

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Simmons First National Corp. is a financial holding company that is engaged in providing banking services, including consumer, real estate and commercial loans, checking, savings and time deposits. It also offers a range of products and services such as trust services, investments, agricultural finance lending, equipment lending, insurance, consumer finance and small business administration lending.

The company has a market cap of $1.94 billion. Its shares traded at $17.82 with a price-earnings ratio of 6.92 as of May 1.

Net income for the first quarter of 2020 was $77.2 million compared to $47.7 million for the same period in 2019.

Executive Vice President Stephen C. Massanelli bought 2,000 shares on April 24 at a price of $17.35. Since then, the price of the stock has increased by 2.71%.

Sterling Bancorp

Sterling Bancorp (NYSE:STL) President and CEO Jack L. Kopnisky bought 15,000 shares on April 29 at a price of $11.72. The price of the stock has decreased by 2.13% since then.

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Sterling Bancorp is a financial and bank holding company that operates primarily through its wholly owned subsidiary, Sterling National Bank. Sterling National Bank is a full-service regional bank that primarily delivers products and services to small and middle market commercial businesses and affluent consumers. Those products and services include deposit, lending and wealth management products.

The company has a market cap of $2.23 billion. Its shares traded at $11.47 with a price-earnings ratio of 7.02 as of May 1.

Net income for the first quarter of 2020 was $99.45 million compared to $12.17 million for the comparable period of 2019.

Director John P. Cahill bought 1,000 shares on May 1 at a price of $11.15. Since then, the price of the stock has increased by 2.87%.

Director Fernando Ferrer bought 1,000 shares on May 1 at a price of $11.17. The price of the stock has increased by 2.69% since then.

Director Richard L. O'toole bought 4,000 shares on April 30 at a price of $12.50. Since then, the price of the stock has decreased by 8.24%.

Director Navy E. Djonovic bought 1,001 shares on April 30 at a price of $12.46. The price of the stock has decreased by 7.95% since then.

Director James J. Landy bought 1,000 shares on April 29 at a price of $12.3. Since then, the price of the stock has decreased by 6.75%.

Northfield Bancorp

Northfield Bancorp Inc. (NASDAQ:NFBK) President and CEO Steven M. Klein bought 9,000 shares on May 1 at a price of $11.00. The price of the stock has increased by 4.18% since then.

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Northfield Bancorp is the holding company for Northfield Bank. Its subsidiary provides banking services to individuals and corporate customers in the Richmond and Kings counties in New York and the Hunterdon, Mercer, Union and Middlesex counties in New Jersey.

The company has a market cap of $563.70 million. Its shares traded at $11.46 with a price-earnings ratio of 15.08 as of May 1.

Net income was $4.6 million for the first quarter of 2020 compared to $8.8 million for the first quarter of 2019.

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.

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This article first appeared on GuruFocus.