In this article we will take a look at some bank stocks with recent insider buying and selling activity. To see more such stocks, click 11 Bank Stocks With Insider Buying and Selling Last Week.
5. Lakeland Financial Corporation (NASDAQ:LKFN)
Indiana-based Lakeland Financial is the bank holding company of Lake City Bank. Lakeland’s director Scott Welch on March 13 bought 5,000 of the company shares at $63.75 per share and 11,715 shares at $64.3125. Since the transaction, Lakeland Financial shares have gained about 5% in value.
As of the end of the fourth quarter of 2022, 14 hedge funds had stakes in the company.
4. Byline Bancorp Inc (NYSE:BY)
Illinois-based Byline Bancorp offers banking services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers. Del Valle Perochena Antonio, a Byline Bancorp director, on March 13 bought a whopping 50,000 shares of the company at $20.5266 per share. The total value of the transaction was over $1 million. The stock is down about 0.6% since the transaction.
3. QCR Holdings, Inc. (NASDAQ:QCRH)
Commercial banking company QCR Holdings, Inc. is one of the bank stocks with latest insider selling activity. Todd A Gipple, QCR’s President, COO and CFO, on March 9 sold about 7,000 shares of the bank at $50.04. The stock is down about 9% since the transaction.
Insider Monkey’s database of 943 hedge funds shows that 13 hedge funds had stakes in QCR Holdings as of the end of the fourth quarter of 2022. Fred Cummings’ Elizabeth Park Capital Management had a $10 million stake in the company.
2. SouthState Corp (NASDAQ:SSB)
Florida-based SouthState Corp. is the bank holding company of South State Bank. The bank has several branches in South Carolina, North Carolina, Georgia, Florida, Alabama and Virginia. On March 10, Page G Ruffner JR, a bank’s director, bought 14,000 shares of the company at $71.75 per piece. The stock has gained about 5.3% since the transaction.
But SouthState also saw some insider selling activity recently. Douglas Lloyd Williams, President, Atlanta Banking Grp of SouthState Corp, on March 6 sold 23,400 SouthState shares at $85.01
According to Insider Monkey’s proprietary database of 943 hedge funds, 24 hedge funds had stakes in SouthState at the end of the fourth quarter of 2022. The net worth of these hedge funds’ stakes was about $440 million. The biggest hedge fund stakeholder of the company was Robert Joseph Caruso’s Select Equity Group, with a $239 million stake.
1. Hilltop Holdings Inc. (NYSE:HTH)
Texas-based Hilltop Holdings offers financial and banking services through PlainsCapital Bank, PrimeLending, and HilltopSecurities. Hill Feinberg, a director at Hilltop Holdings Inc., on March 7 and March 8 sold a total of 31,500 shares of the company at $32.20. The stock is down about 8% since the transaction date.
In January, Hilltop (NYSE:HTH) raised its quarterly dividend by 6.7%.
As of the end of the last quarter of 2022, 20 hedge funds tracked by Insider Monkey had stakes in Hilltop Holdings. The biggest hedge fund stakeholder of the company was Ken Griffin’s Citadel Investment Group with a $9.5 million stake.
