Insiders Buying Agree Realty And 3 Other Stocks

As U.S. stocks closed with a hint of ambiguity last Friday, a shining beacon emerged in the form of notable insider trades.

When insiders opt to purchase shares, it invariably unveils their unwavering faith in a company’s future or their astute eye for an underpriced gem. This gesture, regardless of motive, offers a veritable runway for investors craving a piece of the action. While insider trades alone don’t dictate sound investment decisions, they serve as a potent catalyst to galvanize one’s conviction.

Let us delve into the intriguing world of recent significant insider transactions.

Eyes on PCB Bancorp

• The Deal: PCB Bancorp Director Sang Young Lee acquired 4,202 shares at an average price of $15.95, totaling approximately $67,002.
• The Scoop: On January 25, PCB Bancorp’s quarterly earnings fell short of expectations.
• Inside Peek: PCB Bancorp specializes as a bank holding company, entwined in consumer and commercial banking services.

Glimpse at HBT Financial

• The Deal: Director Roger A Baker of HBT Financial, Inc. purchased 3,632 shares at an average price of $18.86, totaling around $68,500.
• The Scoop: On January 4, HBT Financial boasted stellar quarterly results.
• Inside Peek: HBT Financial Inc offers a wide array of banking products and services to various entities across regions in Illinois and Iowa.

Insight into Agree Realty

• The Deal: President and CEO Joey Agree of Agree Realty Corporation acquired 3,500 shares at an average price of $56.92, totaling approximately $199,220.
• The Scoop: On February 13, Agree Realty reported robust sales for the fourth quarter.
• Inside Peek: Agree Realty Corporation thrives as a real estate investment trust, primarily focusing on retail properties leased to top-tier tenants.

Uncovering Synchronoss Technologies

• The Deal: Director Kevin Rendino of Synchronoss Technologies, Inc. purchased 5,617 shares at an average price of $9.27, amounting to an expenditure of about $52,081.
• The Scoop: On February 15, Synchronoss projected that FY23 revenue would surpass upper guidance levels.
• Inside Peek: Synchronoss Technologies Inc functions as a provider of activation solutions for various entities via cloud- and software-based platforms.

For more riveting reads, dive into Benzinga’s meticulous collection of premarket market analyses.