Over $1M Bet On Texas Capital Bancshares? Check Out These 3 Stocks Insiders Are Buying

Author: Lisa Levin | April 26, 2023 09:01am

Although US stocks closed lower on Tuesday, 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.

Texas Capital Bancshares

• The Trade: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings acquired a total of 27,000 shares an average price of $44.60. To acquire these shares, it cost around $1.2 million.
• What’s Happening: Texas Capital Bancshares reported weaker-than-expected Q1 earnings.
• 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.

Superior Industries International

• The Trade: Superior Industries International, Inc. (NYSE:SUP) 10% owner Thomas Lynch acquired a total of 66,300 shares at an average price of $5.00. To acquire these shares, it cost around $331.5 thousand.
• What’s Happening: Superior Industries posted weaker-than-expected quarterly earnings.
• What Superior Industries International Does: Superior Industries International Inc is engaged in the design and manufacture of aluminum wheels for sale to OEMs in North America and Europe and to the aftermarket in Europe.

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National Bankshares

• The Trade: National Bankshares, Inc. (NASDAQ:NKSH) Director Lawrence J Ball bought a total of 1,000 shares at an average price of $32.00. To acquire these shares, it cost around $32 thousand.
• What’s Happening: The company’s stock dropped around 11% over the past month.
• What National Bankshares Does: National Bankshares Inc is a bank holding company of National Bank of Blacksburg, offering a range of financial products and services, including deposit accounts, commercial, consumer, and mortgage loans, credit cards, and trust services.

 

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Posted In: NKSH SUP TCBI