There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 13, Athens Bancshares Corp's Director, G. Scott Hannah, invested $8,016.00 into 600 shares of AFCB, for a cost per share of $13.36. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Tuesday, bargain hunters could buy shares of Athens Bancshares Corp (NASDAQ:AFCB) and achieve a cost basis 6.9% cheaper than Hannah, with shares changing hands as low as $12.44 per share. It should be noted that Hannah has collected $0.10/share in dividends since the time of their purchase, so they are currently down 6.1% on their purchase from a total return basis. Athens Bancshares Corp shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of AFCB shares, versus its 200 day moving average:
Looking at the chart above, AFCB's low point in its 52 week range is $9.56 per share, with $14.05 as the 52 week high point — that compares with a last trade of $12.45. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
G. Scott Hannah
AFCB operates in the Banking & Savings sector, among companies like BB&T Corp. (NYSE:BBT) which is down about 0.4% today, and Barclays PLC (NYSE:BCS) trading higher by about 1.2%. Below is a three month price history chart comparing the stock performance of AFCB, versus BBT and BCS.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors,
commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow
the performance trail wherever it leads us.
This Article's Word Cloud:AFCBAthensBancsharesCorpDefinitionDirectorHannahImportanceInsiderNYSEPriceScottValueaboutallowsassetbasisbelowbuyingcashchartcostcurrentlydesigneddownhuntersinsiderlastlikeonlyopenperformancepointportfoliopurchasereasonsharesharesshortstockthattheirtheretheythistradingversusweekwhichwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.