A Wave of Insiders Trading in Financials' stocks
Post date: 2025-04-28 18:06:23 GMT
Last week, insiders of several financial companies bought shares in their firms. The firms with insiders purchasing shares included Peoples Bancorp, Inc., First Bancorp, Inc., CSB Bancorp, Inc., and many others.
According to academics, insiders may buy shares ahead of good news (Cziraki, Lyandres and Michaely, 2021, Journal of Corporate Finance), following positive analyst forecasts (Hsieh, Ng and Wang, 2022, Journal of Banking and Finance), and as a way to signal the quality of the company (Choi, Faureland and Hillegeist, 2023, Journal of Accounting and Public Policy).
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