Although US stocks ended slightly lower on Monday, there was some notable insider trading.

When insiders buy stock, it shows they have confidence in the company’s prospects or that they see the stock as a bargain. Either way, it signals an opportunity to go long the stock. Insider buying should not be taken as the sole indicator of an investment or trading decision. At best, it can convince a purchase decision.

Below is a look at some notable recent insider purchases. For more information, see Benzinga insider trading Platform.

Texas Capital Bank Stocks

  • The trade: Texas Capital Bankshares, Inc. TCBI Director Thomas Long acquired a total of 4,000 shares an average price of $50.17. It cost around $200.68,000 to acquire these shares.
  • What’s up: Texas Capital Bancshares released weak quarterly earnings.
  • What Texas Capital Bancshares does: Texas Capital Bancshares Inc is a secured lender with the majority of loans held for investments excluding mortgage finance loans and other national businesses.

U.S. Bancorp

  • The trade: U.S. Bancorp USB Director Scott W. Wine purchased a total of 30,438 shares at an average price of $32.85. It cost around $1 million to acquire these shares.
  • What’s up: US Bancorp reported better than expected first quarter financial results.
  • What US Bancorp does: A diversified financial services provider, US Bancorp is one of the nation’s largest regional banks with offices in approximately 26 states, primarily in the western and Midwestern United States.

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Carter Bank Stocks

  • The trade: Carter Bank Stocks, Inc. CARE Managing Director Litz Dyke Van bought a total of 2,200 shares at an average price of $13.32. Acquisition of these shares cost about 29.3 thousand US dollars.
  • What’s up: Carter Bankshare released better-than-expected quarterly earnings.
  • What Carter Bankshares does: Carter Bankshares Inc is a bank that…

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