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Since my January 8 article titled "3 Stocks With Recent Intensive Insider Buying" the stocks that I featured in the article have performed as follows:

CompanyPrice 1/8Price 1/30Change %
OMER$6.27$5.52-12.0
CORR$6.23$6.61+6.1
IEBS$0.70$1.00+42.9

In this article I will feature five additional stocks that have seen intensive insider buying during the last 30 days.

Intensive insider buying can be defined by the following three criteria:

  1. The stock is purchased by three or more insiders within one month.
  2. The stock is sold by no insiders in the month of intensive purchasing.
  3. At least two purchasers increase their holdings by more than 10 percent.

1. CyrusOne (CONE) focuses on developing, owning, and operating carrier-neutral data center properties. It intends to provide data center facilities that protect and ensure the continued operation of information technology infrastructure. The company's goal is to be the preferred global data center provider to the Fortune 1000. As of September 30, 2012, the company's customers included nine of the Fortune 20 and 108 of the Fortune 1000 or private or foreign enterprises of equivalent size. These 108 customers provided 79% of annualized rent as of September 30, 2012.

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Insider buys

Financials

The company reported the pro forma financial results for the first nine months, ending September 30, 2012, with the following highlights:

Revenue$162.8 million
Net loss$5.1 million
Investments$644.6 million
Debt$563.0 million
Net tangible book value$5.63 per share

Outlook

The company intends to make regular quarterly distributions to holders of its common stock. The company intends to make a pro rata initial distribution with respect to the period commencing on the completion of this offering and ending March 31, 2013, based on $0.16 per share for a full quarter. On an annualized basis, this would be $0.64 per share, or an annual distribution rate of approximately 3.4% based on the initial public offering price of $19.00 per share. The company estimates that this initial annual distribution rate will represent approximately 68.5% of estimated cash available for distribution for the 12 months ending September 30, 2013. The company intends to maintain its initial distribution rate for the 12-month period following completion of the initial public offering unless actual results of operations, economic conditions or other factors differ materially from the assumptions used in the company's estimate.

Gartner estimates that the global market for data center services was approximately $150 billion in 2011 and will grow to approximately $200 billion in 2012.

My analysis

The stock started trading on January 18 after the initial public offering. There have been 10 different insiders buying and there have not been any insiders selling the shares since the IPO. The stock has a 3.0% expected dividend yield. I have a cautiously bullish bias for the stock currently based on the intensive insider buying.

2. Farmers Capital Bank Corporation (FFKT), a bank holding company, provides a range of banking and financial services to individual, business, agriculture, government, and educational customers.

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Insider buys

  • John Farris purchased 6,809 shares on January 29 and John Farris' wife purchased 1,850 shares on January 28. John Farris currently controls 9,659 shares or 0.1% of the company. John Farris serves as a director of the company.
  • Lloyd Hillard purchased 750 shares on January 29 and currently holds 12,756 shares or 0.2% of the company. Lloyd Hillard is President and CEO of the company.
  • John Stewart purchased 1,500 shares on January 29 and currently controls 16,850 shares or 0.2% of the company. John Stewart serves as a director of the company.
  • Barry Banker purchased 2,500 shares on January 29 and currently controls 6,082 shares or 0.1% of the company. Barry Banker serves as a director of the company.
  • David O'Bryan purchased 550 shares on January 28 and currently controls 2,550 shares or less than 0.1% of the company. David O'Bryan serves as a director of the company.

Financials

The company reported the full year 2012 financial results on January 23 with the following highlights:

Net income$10.2 million
Tangible book value$18.35 per share

Competition

Farmers Capital Bank Corporation's competitors include Community Trust Bancorp (CTBI), Fifth Third Bancorp (FITB) and Republic Bancorp (RBCAA). Here is a table comparing these companies.

CompanyFFKTCTBIFITBRBCAAIndustry
Market Cap:111.84M526.12M14.39B459.97M72.65M
Employees:N/AN/AN/A797194.00
Qtrly Rev Growth (yoy):0.210.030.140.150.14
Revenue:74.85M168.64M6.29B255.25M28.28M
Gross Margin:N/AN/AN/AN/A0.00
EBITDA:N/AN/AN/AN/AN/A
Operating Margin:0.200.400.350.540.29
Net Income:10.23M44.86M1.54B119.34MN/A
EPS:1.372.891.665.680.86
P/E:10.9311.669.803.8714.14
PEG (5 yr expected):3.281.192.421.401.61
P/S:1.493.122.291.801.89

Farmers Capital Bank Corporation is trading below the industry average P/S ratio, which could explain some of the insider buying.

My analysis

The stock has a $23.75 price target from the Point and Figure chart. There have been five different insiders buying and there have not been any insiders selling the shares during the past 30 days. The stock is trading at a P/E ratio of 10.93 and a forward P/E ratio of 18.72. The stock could be a good pick below the tangible book value of $18.35 per share.

3. Kentucky Bancshares (OTCQB:KTYB) operates as a bank holding company for Kentucky Bank that provides commercial and consumer banking products and services.

Insider buys

  • James Elliott purchased 1,000 shares on January 24 and currently holds 2,000 shares or 0.1% of the company. James Elliott is Senior Vice President, Director of Wealth Management.
  • Louis Prichard's wife purchased 725 shares on January 23. Louis Prichard currently controls 7,984 shares or 0.3% of the company. Louis Prichard is President and CEO of the company.
  • Betty Long purchased 270 shares on January 23-24 and currently holds 2,213 shares or 0.1% of the company. Betty Long serves as a director of the company.
  • Buckner Woodford purchased 2,200 shares on January 23-24 and currently holds 196,773 shares or 7.4% of the company. Buckner Woodford is Chairman of the Board.

Financials

The company reported the full year 2012 financial results on January 23 with the following highlights:

Net income$7.0 million
Book value$27.21 per share

Peer analysis

Kentucky Bancshares' peer group consists of the following: Boyle Bancorp (OTCQB:BYLB), Camco Financial Corporation (CAFI), Citizens Commerce Bancshares (OTC:CCVS), Citizens First Corporation (CZFC), Citizens National Corporation (OTCQB:CZNL), Community Bank Shares of Indiana (CBIN), FCB Bancorp (OTCQB:FCBE), First Financial Service Corporation (FFKY), Peoples Bancorp (PEBO), Premier Financial Bancorp (PFBI). Here is a table comparing these companies.

CompanyKTYBPeer average
P/E8.119.98
Price/Book (%)77.1865.87
Dividend Yield (%)4.382.07

Kentucky Bancshares is trading below the peer average P/E ratio and has a higher dividend yield than the peer average.

My analysis

There have been four different insiders buying and there have not been any insiders selling the shares during the past 30 days. The stock is trading at a P/E ratio of 8.11 and has a 4.38% dividend yield. I believe the stock could be a good pick below the book value of $27.21 per share.

4. Armtec Infrastructure (OTC:AIIFF) manufactures and markets a range of infrastructure products and engineered construction solutions for customers primarily in Canada and internationally.

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Insider buys

  • John E. Richardson purchased 12,715 shares on January 17 and currently holds 37,400 shares or 0.2% of the company. John E. Richardson serves as a director of the company.
  • J. Mark Richardson purchased 5,000 shares on January 15 and currently holds 5,000 shares or less than 0.1% of the company. J. Mark Richardson serves as a director of the company.
  • Mark Anderson purchased 9,300 shares on January 3 and currently holds 20,000 shares or 0.1% of the company. Mark Anderson was appointed as President and Chief Executive Officer in October 2011.
  • Donald Cameron purchased 7,500 shares on January 2 and currently holds 17,500 shares or less than 0.1% of the company. Donald Cameron serves as a director of the company.

Financials

The company reported the third-quarter financial results with the following highlights:

Revenue$135.3 million
Net income$2.5 million
Cash$31.0 million
Debt$308.5 million

Outlook

Management expects fourth quarter results for 2012 to be in line with 2011 levels.

The outlook for Armtec's end use markets remains mixed:

  • Infrastructure activity is expected to remain soft in the near term; however, governments continue to reiterate their commitment to infrastructure renewal;
  • Residential market activity is anticipated to remain at low levels relative to historical levels reflecting anticipated single family housing forecasted starts. Despite concerns over a potential slowdown in the condominium market in the Greater Toronto area, multi-unit residential starts continue to show a stable trend;
  • Commercial facility construction will benefit from certain projects which are anticipated to offset slower industrial starts;
  • Agricultural market activity is heavily influenced by weather and underlying commodity pricing. It is difficult to determine the future budget impact of the crop yields experienced with the dry hot summer conditions; and
  • Natural resources markets are expected to remain stable through the balance of 2012, particularly in Western Canada.

My analysis

The stock has a $8.25 price target from the Point and Figure chart. There have been four different insiders buying and there have not been any insiders selling the shares during the past 30 days. I have a cautiously bullish bias for the stock currently based on the intensive insider buying.

5. NuVista Energy (OTC:NUVSF), an independent oil and natural gas company, engages in the exploration for and the development and production of oil and natural gas reserves in Canada.

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Insider buys

  • Jonathan Wright purchased 15,790 shares on December 31 pursuant to a purchase/ownership plan. Jonathan Wright currently holds 148,415 shares or 0.1% of the company. Jonathan Wright was appointed as the company's President and Chief Executive Officer effective May 9, 2011.
  • Joshua Truba purchased 7,510 shares on December 31 pursuant to a purchase/ownership plan. Joshua Truba currently holds 16,583 shares or less than 0.1% of the company. Joshua Truba joined NuVista Energy in February 2005 as Landman and was appointed Vice President, Land in January 2009.
  • Wayne Olmstead purchased 7,095 shares on December 31 pursuant to a purchase/ownership plan. Wayne Olmstead currently holds 11,298 shares or less than 0.1% of the company. Wayne Olmstead joined NuVista Energy in July 2008 as Manager of Human Resources and Office Administration and was appointed Vice President, Human Resources and Office Administration in January 2011.
  • D. Chris McDavid purchased 8,907 shares on December 31 pursuant to a purchase/ownership plan. D. Chris McDavid currently holds 53,294 shares or less than 0.1% of the company. D. Chris McDavid is Vice President, Operations.
  • Lawford Michael purchased 8,019 shares on December 31 pursuant to a purchase/ownership plan. Lawford Michael currently holds 8,019 shares or less than 0.1% of the company. Lawford Michael was appointed as Vice President Development of NuVista Energy in January 2012.
  • Robert Froese purchased 11,154 shares on December 31 pursuant to a purchase/ownership plan. Robert Froese currently holds 26,154 shares or less than 0.1% of the company. Robert Froese is Vice President, Finance and CFO of NuVista Energy.
  • Craig Burton purchased 7,918 shares on December 31 pursuant to a purchase/ownership plan. Craig Burton currently holds 17,048 shares or less than 0.1% of the company. Craig Burton is Vice President, Business Development & New Plays.
  • Kevin Asman purchased 7,680 shares on December 31 pursuant to a purchase/ownership plan. Kevin Asman currently holds 25,596 shares or less than 0.1% of the company. Kevin Asman is Vice President, Marketing.
  • Ross Andreachuk purchased 7,991 shares on December 31 pursuant to a purchase/ownership plan. Ross Andreachuk currently holds 21,703 shares or less than 0.1% of the company. Ross Andreachuk joined NuVista Energy in August 2006 as Controller and was appointed Vice President and Controller in May 2009.

Financials

The company reported the third-quarter financial results on November 7 with the following highlights:

Revenue$52.1 million
Net loss$47.6 million
Debt$320.8 million

Outlook

NuVista's average production guidance for 2012 is between 22,000 Boe/d and 22,500 Boe/d with fourth quarter production forecast between 16,500 Boe/d and 17,000 Boe/d. This forecast incorporates the property dispositions that were completed in October 2012. Funds from operations for 2012 are forecast at approximately $70 million based on a forecast AECO natural gas price of $2.47/Mcf, WTI oil price of $94.00/Bbl and incorporating price risk management contracts. Capital spending for the year is forecast at approximately $120 million.

For 2013, the company's Board has approved a first half capital budget of up to $90 million to primarily fund a two drilling rig capital program for the Wapiti Montney play. This capital program is expected to be funded from cash flow, bank debt and property dispositions. The second half 2013 capital budget will be determined based on the outlook for commodity prices, drilling success and well performance. NuVista expects production for the first half of 2013 to remain relatively flat as the Montney production growth from two rigs is forecast to begin in the third quarter of 2013 after spring breakup and the start-up of key new field trunk pipeline tie-ins. NuVista forecasts production for the fourth quarter of 2013 to average approximately 10% higher than fourth quarter 2012 production volumes.

My analysis

The stock has a $8.50 price target from the Point and Figure chart. There have been nine different insiders buying and there have not been any insiders selling the shares during the past 30 days. The company has a book value of $6.37 per share. I believe the stock could be a good pick below the book value.

Source: 5 Little Known Stocks With Recent Intensive Insider Buying