Insiders Buying Texas Capital Bancshares And 2 Other Stocks

Although U.S. stocks closed lower on Thursday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.

Sound Financial Bancorp

• The Trade: Sound Financial Bancorp, Inc. SFBC 10% owner Stilwell Partners L P acquired a total of 2,502 shares an average price of $36.50. To acquire these shares, it cost around $91,322.
• What’s Happening: Sound Financial Bancorp posted a decline in third-quarter sales.
• What Sound Financial Bancorp Does: Sound Financial Bancorp Inc operates as the holding company for Sound Community Bank that provides traditional banking and other financial services for individuals and businesses.

Five Star Bancorp

• The Trade: Five Star Bancorp FSBC Director David J. Lucchetti acquired a total of 5,405 shares at an average price of $18.69. To acquire these shares, it cost around $101,019.
• What’s Happening: Five Star Bancorp is expected to report its financial results for the quarter ended Sept. 30, 2023, on Monday, Oct. 30, 2023.
• What Five Star Bancorp Does: Five Star Bancorp is a California state-chartered non-member bank. The Company provides a broad range of banking products and services to small and medium-sized businesses, professionals, and individuals.

Don’t forget to check out our premarket coverage here

Texas Capital Bancshares

• The Trade: Texas Capital Bancshares, Inc. TCBI Director Robert Stallings bought a total of 1,000 shares at an average price of $53.15. To acquire these shares, it cost around $53,150.
• What’s Happening: Texas Capital Bancshares posted better-than-expected quarterly results.
• What Texas Capital Bancshares Does: Texas Capital Bancshares Inc is a secured lender, with the majority of the loans held for investment, excluding mortgage finance loans and other national lines of business.

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