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Weekly CEO Buys Highlight

- By Joy Hu

According to GuruFocus insider data, these are the largest CEO buys from the past week.

Huntington Bancshares CEO bought 17,493 shares

Huntington Bancshares Inc. (HBAN) President, CEO and Chairman Stephen D. Steinour bought 17,493 shares on Oct. 25 for an average price of $13.48 per share. The stock price has increased by 0.96% since then.


Huntington Bancshares is a multistate financial holding company that provides full-service commercial, small business, consumer and mortgage banking services. It also offers automobile financing and investment management services. The company has a market cap of $15.03 billion. Its shares traded at $13.61 with a price-earnings ratio of 11.53 as of Oct. 26.

Net income for the third quarter was $378 million, compared to $275 million for the prior-year period.

AZZ CEO bought 5,000 shares

AZZ Inc. (AZZ) President and CEO Thomas E. Ferguson bought 5,000 shares on Oct. 22 for an average price of $45.77 per share. The stock price has decreased by 7.01% since then.

The company provides specialized products and services designed to support industrial, nuclear and electrical applications. It has a market cap of $1.11 billion; shares traded at $42.56 with a price-earnings ratio of 22.17 as of Oct. 26.

Net income was $11.2 million, up from $9.8 million in the prior-year quarter.

Chief Financial Officer and Senior Vice President Paul Wesley Fehlman bought 1,000 shares on Oct. 22 for $45.48. Since then, the price of the stock has decreased 6.42%.

Texas Capital Bancshares CEO bought 3,000 shares

Texas Capital Bancshares Inc. (TCBI) President and CEO C. Keith Cargill bought 3,000 shares on Oct. 19 for an average price of $67.59 per share. Since then, the stock price has fallen 5.83%.

The company is engaged in providing lending services to businesses, including credit solutions, treasury and liquidity services, mortgage finance, private wealth solutions and personal banking. Texas Capital has a market cap of $3.19 billion. Its shares traded at $63.65 with a price-earnings ratio of 12.13 as of Oct. 26.

Net income for the third quarter was $85.55 million, up from $58.68 million in the year-ago quarter.

Texas Capital Bank President Vince A. Ackerson bought 2,000 shares on Oct. 19 for an average price of $67 per share. The price of the stock has decreased by 5% since then.

Mueller Industries CEO bought 7,000 shares

Mueller Industries Inc. (MLI) Chairman and CEO Gregory L. Christopher bought 7,000 shares on Oct. 25 for an average price of $25.50 per share. The stock price since then has declined 1.49%.

Mueller Industries is a manufacturer and distributor of copper, brass, aluminum and plastic products. The company has a market cap of $1.45 billion; its shares traded at $25.12 with a price-earnings ratio of 16.86 as of Oct. 26.

Net income for the third quarter was $20.3 million, down from $22.3 million the year prior.

Director Terry Hermanson bought 4,000 shares on Oct. 25 for $25.04. Since then, the stock price has risen 0.32%.

TriState Capital Holdings VP bought 2,500 shares

Brian S. Fetterolf, v ice president and CEO of TriState Capital Bank, bought 2,500 shares of TriState Capital Holdings Inc. (TSC) on Oct. 23 for an average price of $23.62 per share. The stock price has climbed 4.49% since then.

Through its subsidiaries, the holding company provides banking products and services in Pennsylvania, Ohio, New Jersey and New York. The company has a market cap of $717.77 million; its shares traded at $24.68 with a price-earnings ratio of 14.27 as of Oct. 26.

Net income for the three months ended Sept. 30 was $957,000, up from $620,000 in the prior-year period.

CFO David J. Demas bought 1,000 shares on Oct. 19 for an average price of $24.58 per share. The stock price since then has increased 0.41%.

Vice President Brian S. Fetterolf bought 4,300 shares on Oct. 22 for $24.27 per share. Since then, the stock price has swelled 1.69%.

For the complete list of stocks that 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.