Execs Are Still Buying Battered Banks

JC Parets
March 16, 2023

The largest insider buy on today’s list comes in a Form 4 filing by Alphabet Inc, which revealed a purchase of $18.9 million in GitLab Inc $GTLB.

And executives from some of the most battered banks continue to file Form 4s.

Here’s yesterday’s list:

  • ServisFirst Bancshares $SFBS.
  • Bankwell Financial Group $BWFG.
  • Cullen/Frost Bankers $CFR.
  • MVB Financial Corp $MVBF.
  • Hope Bancorp $HOPE.

Here’s The Hot List, with data through March 15, 2023:

There was another insider buy in Charles Schwab $SCHW yesterday. This time, it was a director, Stephen Ellis, for over $2 million worth of shares.

In another Form 4, the CEO of Ryan Specialty Group Holdings $RYAN revealed the acquisition of 208,100 shares.

There was also insider activity in Frontier Communications Parent $FYBR, New Mountain Finance Corporation $NMFC, and Guardant Health $GH.

In the options market, there was bullish flow in Mattel $MAT, DraftKings $DKNG, and Gold Fields Limited $GFI.

Stay tuned. We'll be back on Friday with more insider activity.

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All Star Charts Team

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