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%.
VantageSouth Bancshares (NYSEMKT:VSB) operates as the bank holding company for VantageSouth Bank that provides commercial banking solutions for individuals, businesses, business owners, and professionals in North Carolina.
Insider buying during the last 30 days
Here is a table of VantageSouth's insider-trading activity during the last 30 days by insider.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Steven Jones||Bank President||Feb 3||2,500||12,819 shares||+24.2%|
|David Therit||PAO||Jan 31||1,000||2,000 shares||+100%|
|Joseph Lamb||Director||Jan 31||32,190||437,361 shares||+7.9%|
|David Brody||Director||Jan 31||155,643||157,643 shares||+7,782.2%|
|Adam Abram||Director||Jan 31||97,276||107,976 shares||+909.1%|
|George Davis||Director||Jan 31||9,728||111,843 shares||+9.5%|
There have been 298,337 shares purchased by insiders during the last 30 days. Joseph Lamb, David Brody, Adam Abram, and George Davis purchased shares pursuant to a private placement at a $5.14 share price.
Insider buying by calendar month
Here is a table of VantageSouth's insider-trading activity by calendar month.
Insider buying / shares
Insider selling / shares
There have been 363,474 shares purchased, and there have been zero shares sold by insiders since January 2013. The month of January 2014 has seen the most insider buying.
VantageSouth reported the full-year 2013 financial results on January 29 with the following highlights:
|Net interest income||$64.6 million|
$4.12 per share
Tangible book value
$3.42 per share
VantageSouth closed a $47 million private placement on January 31.
|Qtrly Rev Growth (yoy):||0.04||0.18||0.31||0.86|
|PEG (5 yr expected):||N/A||0.47||1.77||1.29|
VantageSouth has the second-lowest P/S ratio among these four companies.
Here is a table of these competitors' insider-trading activities during the last 12 months.
|Company||Insider buying / shares||Insider selling / shares|
Only VantageSouth has seen intensive insider buying during the last 30 days.
There have been six different insiders buying VantageSouth, and there have not been any insiders selling VantageSouth during the last 30 days. Four of these six insiders increased their holdings by more than 10%. VantageSouth has an insider ownership of 0.50%.
The insiders purchased most of their shares at $5.14, 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 VSB 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.