In this article, I will feature one bank that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:
- The stock is purchased by three or more insiders within one month.
- The stock is sold by no insiders in the month of intensive purchasing.
- At least two purchasers increased their holdings by more than 10%.
F.N.B. Corporation (NYSE:FNB) provides various financial services to consumers and small- to medium-sized businesses primarily in Pennsylvania, northeastern Ohio, and northern West Virginia.
Insider buying during the last 30 days
Here is a table of F.N.B. Corporation's insider-trading activity during the last 30 days by insider.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Stephen Martz||Director||Jan 30||800||125,482 shares||+0.6%|
|William Strimbu||Director||Jan 29||11,900||85,430 shares||+16.2%|
|Laura Ellsworth||Director||Jan 27||2,900||7,966 shares||+57.2%|
There have been 15,600 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of F.N.B. Corporation's insider-trading activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 21,020 shares purchased, and there have been 770,033 shares sold by insiders since January 2013. The month of January 2014 has seen the most insider buying.
F.N.B. Corporation reported the full-year 2013 financial results on January 21 with the following highlights:
|Net interest income||$396.0 million|
|Net income||$117.8 million|
|Book value||$10.49 per share|
|Tangible book value||$5.38 per share|
|Qtrly Rev Growth (yoy):||0.12||-0.06||0.06|
|PEG (5 yr expected):||2.95||2.53||1.49|
F.N.B. Corporation has the highest insider ownership among these three companies.
Here is a table of these competitors' insider-trading activities during the last 12 months.
|Company||Insider buying / shares||Insider selling / shares|
Only F.N.B. Corporation has seen intensive insider buying during the last 30 days.
There have been three different insiders buying F.N.B. Corporation, and there have not been any insiders selling F.N.B. Corporation during the last 30 days. Two of these three insiders increased their holdings by more than 10%. F.N.B. Corporation has an insider ownership of 0.60%.
F.N.B. Corporation has a book value of $10.49 per share, which could be a good entry point for the stock based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in FNB over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.