$1M Bet On Verrica Pharmaceuticals? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed higher on Monday, 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.

Verrica Pharmaceuticals

• The Trade: Verrica Pharmaceuticals Inc. VRCA Director Paul Manning acquired a total of 200,000 shares an average price of $5.02. To acquire these shares, it cost around $1 million.
• What’s Happening: Verrica Pharmaceuticals announced non-binding term sheet for up to $125 million debt financing.
• What Verrica Pharmaceuticals Does: Verrica Pharmaceuticals Inc is a dermatology therapeutics company engaged in the development and commercialization of novel treatments that provide a meaningful benefit for people living with skin diseases.

FB Financial

• The Trade: FB Financial Corporation FBK 10% owner James Ayers acquired a total of 12,000 shares at an average price of $32.80. To acquire these shares, it cost around $393,600
• What’s Happening: FB Financial reported better-than-expected second-quarter EPS results.
• What FB Financial Does: FB Financial Corp is a bank holding company. The company through its wholly-owned bank subsidiary provides commercial and consumer banking services to clients in select markets in Tennessee, North Alabama, and North Georgia.

Don’t forget to check out our premarket coverage here

Sound Financial Bancorp

• The Trade: Sound Financial Bancorp, Inc. SFBC 10% owner Stilwell Partners L P bought a total of 2,500 shares at an average price of $35.99. To acquire these shares, it cost around $89,983.
• What’s Happening: Sound Financial Bancorp said it does not currently believe vendor incident to have material adverse effect on its business, operations, or financial results.
• 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.

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