Why insider trading matters?

Numerous studies have examined whether there is evidence that U.S. insiders systematically trade on private information despite the legal deterrence. The consensus appears to be that insider purchases (but not sales) tend to be followed by positive abnormal stock price performance, particularly for small growth stocks.

- Prof. B. Espen Eckbo, Dartmouth College
Live Oak Bancshares, Inc. (LOB)
Sector: Financial Services; Industry: Banks—Regional

Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-09-08 Losch William C III Chief Financial Officer Buy 3,500 $57.08 $199,768 No
2021-02-08 Smits Steve Chief Credit Officer Sell 15,000 $43.40 $650,998 No
2021-02-01 Janson Susan N Chief Risk Off., Live Oak Bank Sell 3,500 $40.09 $140,318 No
2020-11-05 LANDIS H K Director Sell 15,000 $40.60 $609,015 Yes
2020-10-29 MAHAN JAMES S III Chief Executive Officer Buy 24,200 $36.53 $884,131 No
2020-10-28 MAHAN JAMES S III Chief Executive Officer Buy 154,384 $34.18 $5,277,476 No
2020-08-27 MAHAN JAMES S III Chief Executive Officer Buy 73,327 $20.49 $1,502,566 No
2020-08-24 MAHAN JAMES S III Chief Executive Officer Buy 57,153 $19.79 $1,130,950 No
2020-08-20 MAHAN JAMES S III Chief Executive Officer Buy 57,501 $19.52 $1,122,480 No
2020-08-18 MAHAN JAMES S III Chief Executive Officer Buy 45,378 $19.09 $866,060 No
2020-07-27 WILLIAMS WILLIAM L. III Vice Chairman & EVP Buy 1,250 $15.82 $19,770 No
2020-05-06 SALYERS DAVID G Director Buy 2,000 $12.50 $25,000 No
2020-03-11 Garriott Huntley President, Live Oak Bank Buy 5,000 $11.28 $56,400 No
2020-03-11 Underwood Neil Lawrence President Buy 95,000 $11.46 $1,088,700 No
2020-03-11 Cameron William Henderson Director Buy 2,000 $11.79 $23,580 No
2020-03-09 Garriott Huntley President, Live Oak Bank Buy 20,000 $12.69 $253,800 No
2020-03-10 Seward Gregory W General Counsel Buy 869 $11.54 $10,026 No
2019-06-07 Janson Susan N Chief Risk Off., Live Oak Bank Buy 1,000 $15.76 $15,764 No
2019-02-08 Cameron William Henderson Director Buy 2,500 $14.79 $36,975 No
2019-01-29 Underwood Neil Lawrence President Buy 7,165 $13.88 $99,450 No
2019-01-28 Glossman Diane Beth Director Buy 2,000 $13.87 $27,740 No
2019-01-28 Garriott Huntley President, Live Oak Bank Buy 20,000 $13.82 $276,400 No
2018-12-14 Seward Gregory W General Counsel Buy 2,000 $15.56 $31,120 No
2018-12-13 Hoffsis Glen F. Director Buy 4,000 $15.30 $61,198 No
2018-12-13 Garriott Huntley President, Live Oak Bank Buy 5,000 $15.13 $75,628 No
2018-12-12 WILLIAMS WILLIAM L. III Vice Chairman & EVP Buy 20,000 $14.86 $297,147 No
2018-12-12 Underwood Neil Lawrence President Buy 15,546 $16.08 $249,980 No
2018-12-12 MAHAN JAMES S III Chief Executive Officer Buy 334,454 $16.08 $5,378,020 No
2018-12-12 Garriott Huntley President, Live Oak Bank Buy 30,000 $14.66 $439,820 No
2018-12-11 Cameron William Henderson Director Buy 2,800 $14.46 $40,483 No

Insider Smart

Edesa Biotech, Inc. (EDSA) - President and CEO bought shares of EDSA in late May around $3, two weeks after their purchase, the stock jump to $9, very well timed buy.