Pulaski Financial: 4 Different Insiders Have Purchased Shares This Month

Jun.27.14 | About: Pulaski Financial (PULB)

Summary

4 insiders purchased Pulaski Financial stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

3 of these 4 insiders increased their holdings by more than 10%.

Pulaski Financial Corp. (NASDAQ:PULB) operates as the holding company for Pulaski Bank that provides a range of financial products and services for businesses and retail customers in the United States.

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Insider buying during the last 30 days

Here is a table of Pulaski Financial's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Private Placement Current Ownership Increase In Shares
Michael Hogan Director June 25 45,167 Yes 133,720 shares +51.0%
Leon Felman Director June 25 180,668 Yes 1,120,775
shares
+19.2%
Gary Douglass CEO June 25 5,871 Yes 162,606 shares +3.7%
Stanley Bradshaw Director June 25 305,642 Yes 560,061 shares +120.1%
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There have been 537,348 shares purchased by insiders during the last 30 days. All these shares were purchased pursuant to a private placement.

Insider buying by calendar month

Here is a table of Pulaski Financial's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
June 2014 537,348 0
May 2014 2,194 0
April 2014 0 0
March 2014 10,414 0
February 2014 17,700 15,676
January 2014 0 0
December 2013 2,706 0
November 2013 1,351 0
October 2013 0 0
September 2013 9,113 22,595
August 2013 0 0
July 2013 0 0
June 2013 8,202 0
May 2013 12,000 0
April 2013 560 0
March 2013 2,460 0
February 2013 3,308 0
January 2013 0 0
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There have been 607,356 shares purchased and there have been 38,271 shares sold by insiders since January 2013. The month of June 2014 has seen the most insider buying.

Financials

Pulaski Financial reported the fiscal 2014 second-quarter, which ended March 31, financial results on April 29 with the following highlights:

Revenue $11.4 million
Net income $1.9 million
Book value $8.83 per share
Tangible book value $8.48 per share
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Pulaski Financial completed a $6.7 million private placement on June 25. Pulaski Financial will use the proceeds to redeem all of its outstanding shares of fixed rate perpetual preferred stock.

Outlook

Pulaski Financial expects significant earnings growth in the second half of fiscal year compared to the first half.

Competition

Pulaski Financial's competitors include Bank of America (NYSE:BAC), Regions Financial (NYSE:RF), and U.S. Bancorp (NYSE:USB). Here is a table comparing these companies.

Company PULB BAC RF USB
Market Cap: 121.90M 162.05B 14.73B 78.16B
Employees: 454 239,000 23,687 65,565
Qtrly Rev Growth (yoy): -0.23 0.00 -0.03 0.01
Revenue: 46.50M 85.46B 5.03B 17.48B
Operating Margin: 0.28 0.29 0.32 0.45
Net Income: 6.44M 8.46B 1.08B 5.52B
EPS: 0.56 0.77 0.76 3.00
P/E: 19.64 20.01 14.11 14.35
PEG (5 yr expected): 2.50 1.86 1.99 2.18
P/S: 2.62 1.90 2.93 4.48
Dividend Yield: 3.40% 0.30% 1.90% 2.20%
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Pulaski Financial has the highest dividend yield among these four companies.

Here is a table of these competitors' insider activities this year.

Company Insider buying / shares Insider selling / shares
BAC 0 0
RF 0 452,714
USB 0 2,197,130
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Only Pulaski Financial has seen insider buying this year.

Conclusion

There have been four different insiders buying Pulaski Financial and there have not been any insiders selling Pulaski Financial during the last 30 days. Three of these four insiders increased their holdings by more than 10%. Pulaski Financial has an insider ownership of 14.58%.

The four insiders purchased their shares at $11.07. I believe Pulaski Financial could be a good pick below $11.07 based on the intensive insider buying.

Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in PULB over the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.