Best Insiders Buys and Sells for Banking Industry

July 15, 2011 - PRLog -- When we compare the 4 week U.S. Banking Sector insider trading performance with the NASDAQ bank index (IXBK), we found that these two things moved almost toward the same direction. During the past four weeks, IXBK rose broke 1,800 points from 1,680, increased over 7%. And Insiderslab.com tracked the sector’s insider trading record as follows:

Banking Sector 4 weeks insider buy ratio: Increased from 73% to 77%
Banking Sector 13 weeks insider buy ratio: Increased from 61% to 72%
Banking Sector 52 weeks insider buy ratio: Decreased from 66% to 62%

Now we are going to focus on the companies that made this 4 week buy ratio rise. For more data and analysis about insider trading, please visit http://www.insiderslab.com/media/mediaRoom.php

Sun Bancorp, Inc.  – Past month insider net buy amount was $60.39 million, which was the largest amount in the banking sector. However, we observed that all shares were obtained by granting activities. Read (SNBC) insider trading report at http://www.insiderslab.com/Notable/SNBC/

BankAtlantic Bancorp, Inc.  – At the end of June, the bank received around $11.3 million of proceeds from the exercise of rights by its shareholders. Meanwhile a new insider came to the team. Nancy L. Merolla was positioned as a Vice President, Relationship Manager. When the share price decreased during the past month, $25.08M shares were acquired by insiders. Read (BBX) insider trading report at http://www.insiderslab.com/Notable/BBX/

Heritage Commerce Corp  – On late June, Heritage Commerce was added to the Russell 3000 Index and Russell 2000 Index. The stock had a well performance which encouraged the company insiders settled a group of option and open market purchases that equals to $14.72million net buying amount. Read (HTBK) insider trading report at http://www.insiderslab.com/Notable/HTBK/


SunTrust Banks, Inc.,  – On July 6, Ernest N. Dawal joined SunTrust Banks as Chief Investment Officer for its Private Wealth Management and Institutional Investment Solutions business. He has not been granted stock yet. But we saw insiders such as SVP Panther Thomas E and Chief HR Officer Carrig Kenneth granted in total of $7.46 millions worth of shares during the month. Read (STI) insider trading report at http://www.insiderslab.com/Notable/STI/

Report Editor: Kelly Liu in Vancouver at kelly@insiderslab.com

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