As market volatility spreads to financial sectors around the globe, CEOs, CFOs, and directors of numerous US banks continue to buy stock in a big way.
Here are yesterday’s Form 4s:
- Coastal Financial Corporation $CCB.
- Fifth Third Bancorp $FITB.
- Lakeland Financial Corporation $LKFN.
- Byline Bancorp $BY.
- Brookline Bancorp $BRKL.
- Cullen/Frost Bankers $CFR.
- FB Financial Corporation $FBK.
- Customers Bancorp $CUBI.
However, the most notable insider activity from yesterday wasn’t a regional bank.
It was the largest brokerage in the US.
The CEO, CFO, president, and three directors of The Charles Schwab Corporation $SCHW filed Form 4s reporting purchases of their own stock for a combined amount of $4.5 million.
Here’s The Hot List, with data through March 14, 2023:
The only 13G on our list was filed by Citadel Advisors LLC, which revealed an initial stake of 5.40% in Western Alliance Bancorporation $WAL.
There was also insider activity in RE/MAX Holdings $RMAX and Sonoco Products Company $SON.
In the options market, there was bullish flow in Assertio Holdings $ASRT and ZoomInfo Technologies $ZI.
On the flip side, Hewlett Packard Enterprise Company $HPE saw bearish flow.
Stay tuned. We’ll be back on Thursday with more insider activity.
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All Star Charts Team