A look at the weighted underlying holdings of the SPDR S&P Regional Banking ETF (KRE) shows an impressive 15.5% of holdings on a weighted basis have experienced insider buying within the past six months.
FB Financial Corp (Symbol: FBK), which makes up 0.23% of the SPDR S&P Regional Banking ETF (KRE), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $5,712,759 worth of FBK, making it the #97 largest holding. The table below details the recent insider buying activity observed at FBK:
FBK — last trade: $37.09 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 10/20/2022 | James W. Ayers | 53,088 | $37.25 | $1,977,528 | |
| 12/13/2022 | James W. Ayers | 50,000 | $39.06 | $1,953,000 | |
| 12/15/2022 | Raja J. Jubran | Director | 5,716 | $34.99 | $200,003 |
| 12/15/2022 | James W. Cross IV | Director | 5,000 | $35.06 | $175,300 |
And Southside Bancshares, Inc. (Symbol: SBSI), the #103 largest holding among components of the SPDR S&P Regional Banking ETF (KRE), shows 4 directors and officers as recently filing Form 4’s indicating purchases. The ETF holds $4,969,614 worth of SBSI, which represents approximately 0.20% of the ETF’s total assets at last check. The recent insider buying activity observed at SBSI is detailed in the table below:
SBSI — last trade: $38.41 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 10/26/2022 | Susan Elaine Anderson | Director | 2,000 | $31.36 | $62,720 |
| 10/27/2022 | Lee R. Gibson | PRES & CEO | 2,000 | $33.22 | $66,440 |
| 10/31/2022 | John F. Sammons Jr. | Director | 500 | $34.52 | $17,260 |
| 01/31/2023 | Herbert C. Buie | Director | 2,380 | $37.23 | $88,607 |
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