Insiders are Buying These 5 Undervalued Bank Stocks

This article presents an overview of Insiders are Buying These 5 Undervalued Bank Stocks. For a detailed overview of such stocks read our article, Insiders are Buying These 10 Undervalued Bank Stocks.

5. Northfield Bancorp Inc (NASDAQ:NFBK)

Number of Hedge Fund Investors: 13

Headquartered in New Jersey, Northfield Bancorp Inc (NASDAQ:NFBK) is one of the undervalued banking stocks insiders are piling into. On May 2, Timothy C. Harrison, a director at Northfield Bancorp Inc (NASDAQ:NFBK), bought 1,290 shares of Northfield Bancorp Inc (NASDAQ:NFBK) at $8.89 per share. Since then through May 3 market close the stock was up 1.6%.

4. CVB Financial Corp. (NASDAQ:CVBF)

Number of Hedge Fund Investors: 15

Ranking fourth in our list of the top undervalued bank stocks with latest insider purchases is CVB Financial Corp. (NASDAQ:CVBF). CVB Financial Corp.’s (NASDAQ:CVBF) Chief Credit Officer and EVP David F. Farnsworth on April 30 piled into 1,100 shares of CVB Financial Corp. (NASDAQ:CVBF) at $16.41 per share. Since then through May 3 the stock is up 5.3%.

3. Eagle Bancorp Inc (NASDAQ:EGBN)

Number of Hedge Fund Investors: 20

Commercial and consumer banking services company Eagle Bancorp Inc (NASDAQ:EGBN) is one of the undervalued bank stocks seeing insider buying activity recently. Paul Saltzman, the Executive Vice President and General Counsel of Eagle Bancorp Inc (NASDAQ:EGBN), piled into 1,000 shares at $18.58 per share. The transaction took place on April 30. Since then through May 3 market close the stock has gained about 8%.

2. Bancorp Inc (NASDAQ:TBBK)

Number of Hedge Fund Investors: 23

Bancorp Inc (NASDAQ:TBBK) is one of the stocks with latest insider purchases in May. On May 1, 2024, Mark Leo Connolly, who is the EVP and Head of Credit Markets at Bancorp Inc (NASDAQ:TBBK), piled into 20,000 of Bancorp Inc (NASDAQ:TBBK) at $31.07 per share. Since then the stock is up 2%.

1. Red River Bancshares Inc (NASDAQ:RRBI)

Number of Hedge Fund Investors: 3

Louisiana-based regional banking company Red River Bancshares Inc (NASDAQ:RRBI) is one of the undervalued stocks with insider buying activity. Teddy Ray Price, a director at Red River Bancshares Inc (NASDAQ:RRBI), on May 3 piled into 869 shares of Red River Bancshares Inc (NASDAQ:RRBI) at $47.21 per share.

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