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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.

(click to enlarge)

Insider buying during the last 30 days

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

NameTitleTrade DateShares PurchasedPrivate PlacementCurrent OwnershipIncrease In Shares
Michael HoganDirectorJune 2545,167Yes133,720 shares+51.0%
Leon FelmanDirectorJune 25180,668Yes1,120,775
shares
+19.2%
Gary DouglassCEOJune 255,871Yes162,606 shares+3.7%
Stanley BradshawDirectorJune 25305,642Yes560,061 shares+120.1%

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.

MonthInsider buying / sharesInsider selling / shares
June 2014537,3480
May 20142,1940
April 201400
March 201410,4140
February 201417,70015,676
January 201400
December 20132,7060
November 20131,3510
October 201300
September 20139,11322,595
August 201300
July 201300
June 20138,2020
May 201312,0000
April 20135600
March 20132,4600
February 20133,3080
January 201300

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

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.

CompanyPULBBACRFUSB
Market Cap:121.90M162.05B14.73B78.16B
Employees:454239,00023,68765,565
Qtrly Rev Growth (yoy):-0.230.00-0.030.01
Revenue:46.50M85.46B5.03B17.48B
Operating Margin:0.280.290.320.45
Net Income:6.44M8.46B1.08B5.52B
EPS:0.560.770.763.00
P/E:19.6420.0114.1114.35
PEG (5 yr expected):2.501.861.992.18
P/S:2.621.902.934.48
Dividend Yield:3.40%0.30%1.90%2.20%

Pulaski Financial has the highest dividend yield among these four companies.

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

CompanyInsider buying / sharesInsider selling / shares
BAC00
RF0452,714
USB02,197,130

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.

Source: Pulaski Financial: 4 Different Insiders Have Purchased Shares This Month