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Regular readers of my columns know that I have a longstanding routine of perusing the latest copy of Barron's every weekend. One of the sections I always look at is the top 20 insider buys this week. It is a good place to start to find equities insiders think are still undervalued especially in the light of the rally of the last several months. Here are two intriguing stocks with insider buying that caught my eye this week. They might be good pick-ups in today's market pull back.

TETRA Technologies (NYSE:TTI) operates as a diversified oil and gas services company. The company operates in three divisions: Fluids, Production Enhancement, and Offshore.

4 reasons TTI offers value at under $10 a share.

  1. I highlighted these shares when they were trading at $7 in late November. They still are cheap at less than 10x 2014's projected earnings.
  2. Insiders were buying when I profiled the stock in November. They are still buying with several new purchases with three insiders buying new positions in March.
  3. The company is predicted to grow revenues in low double digits for both FY2013 and FY2014. The stock sports a small projected five year projected PEG (.49) even after the recent rise in the shares.
  4. The median price target held by the 9 analysts that cover the stock is $12 a share.

First PacTrust Bancorp (NYSE:BANC) operates as a holding company for Pacific Trust Bank that provides retail banking services. The company operates 18 banking offices, primarily serving San Diego, Orange, Los Angeles, and Riverside counties in California.

4 reasons BANC offers solid value at $11 a share:

  1. A slew of insiders bought over $350K worth of new shares this month. These were the first insider purchases in over a year and a half.
  2. The stock yields 4.3% and has more than doubled its dividend payout over the last three years.
  3. Revenues should increase better than 60% this year and are projected to improve over 20%. The stock sports a tiny five year projected PEG (1.01) for a high yielder.
  4. BANC is cheap at just over 9x 2014's projected earnings and just 85% of book value.
Source: 2 Intriguing Stocks With Recent Insider Buying