Over $1M Bet On Stifel Financial? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed higher on Friday, 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.

Stifel Financial

  • The Trade: Stifel Financial Corp. SF Co-President James Zemlyak acquired a total of 20,000 shares an average price of $56.06. To acquire these shares, it cost around $1.12 million.
  • What’s Happening: Stifel Financial posted weaker-than-expected Q4 results.
  • What Stifel Financial Does: Stifel Financial is a middle-market-focused investment bank that produces more than 90% of its revenue in the United States.

Farmers National Banc Corp

  • The Trade: Farmers National Banc Corp. FMNB Director Gregory C Bestic acquired a total of 5,000 shares at an average price of $12.50. To acquire these shares, it cost around $62.5 thousand.
  • What’s Happening: Farmers National Banc Corp. reported a new 1 million share repurchase program.
  • What Farmers National Banc Corp Does: Farmers National Banc Corp is a one-bank holding company engaged in financial activities, including securities underwriting and dealing, insurance agency and underwriting activities, and merchant banking activities.

Don’t forget to check out our premarket coverage here

Air Transport Services Group

  • The Trade: Air Transport Services Group, Inc. ATSG CFO Quint O Turner bought a total of 1,000 shares at an average price of $19.73. To acquire these shares, it cost around $19.73 thousand. The company’s directors also acquired the company’s shares.
  • What’s Happening: Air Transport Services posted upbeat quarterly sales.
  • What Air Transport Services Group Does: Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry.

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