Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Although U.S. stocks closed higher on Wednesday, 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.
RBB Bancorp
- The Trade: RBB Bancorp (NASDAQ: RBB) Director James Kao acquired a total of 6,000 shares an average price of $17.06. To acquire these shares, it cost around $102,360.
- What’s Happening: RBB Bancorp recently posted better-than-expected fourth-quarter results.
- What RBB Bancorp Does: RBB Bancorp operates as a bank holding company. It provides various banking products and services such as checking, savings, money market accounts, and certificates of deposits.
- The Trade: Banc of California, Inc. (NYSE: BANC) Director James Andrew Barker acquired a total of 10,000 shares at an average price of $13.16. To acquire these shares, it cost around $131,590.
- What’s Happening: Banc of California posted a loss for the fourth quarter.
- What Banc of California Does: Banc of California Inc is a financial holding company. It offers banking and financial services. The company's services include banking services, lending services, and private banking services.
Hain Celestial
- The Trade: The Hain Celestial Group, Inc. (NASDAQ: HAIN) President and CEO Wendy P Davidson bought a total of 5,000 shares at an average price of $9.46. To acquire these shares, it cost around $47,295.
- What’s Happening: The Hain Celestial Group reported worse-than-expected second-quarter revenue results.
- What Hain Celestial Does: The Hain Celestial Group Inc makes better-for-you natural and organic food and personal-care products.
- The Trade: USCB Financial Holdings, Inc. (NASDAQ: USCB) 10% owner Priam Capital Associates II LLC bought a total of 10,000 shares at an average price of $11.18. The insider spent around $111,841 to buy those shares.
- What’s Happening: USCB Financial reported worse-than-expected fourth-quarter financial results.
- What USCB Financial Does: USCB Financial Holdings Inc is a community bank. Through its network of branches and its online banking platform, it offers customers a wide range of financial products and services.
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