Report
Jonathan Moreland
EUR 9.18 For Business Accounts Only

InsiderInsights.com Daily Ratings Report: May 2, 2023

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process
Underlyings
Bridgewater Bancshares

Bridgewater Bancshares is a financial holding company. Through its subsidiaries, Bridgewater Bank (the Bank) and Bridgewater Risk Management, Inc., the company provides a range of loan and deposit products primarily for commercial clients. Additionally, the company provides support and personalized solutions tailored for each client. The Bank focuses primarily on commercial lending as well as commercial real estate loans that consist of owner and non-owner occupied properties. In addition, the Bank is engaged in construction lending, which includes single family residential construction loans, land development, finished lots and raw land loans, and commercial and multifamily construction.

Cambridge Bancorp

Cambridge Bancorp is a bank holding company. Through its bank subsidiary, Cambridge Trust Company (the Bank), the company focuses on wealth management, the commercial banking business and private banking for clients including residential lending and personal banking. The Bank is engaged primarily in the business of accepting deposits from the public and investing those deposits. The Bank invests those funds in various types of loans, including residential and commercial real estate, and a variety of commercial and consumer loans. The Bank also invests its deposits and borrowed funds in investment securities.

Central Valley Community Bancorp

Central Valley Community Bancorp is a bank holding company. Through its subsidiary, Central Valley Community Bank (the Bank), the company provides a range of commercial banking services. The Bank conducts a commercial banking business, which includes accepting demand, savings and time deposits and making commercial, real estate and consumer loans. It also provides domestic and international wire transfer services and provides safe deposit boxes and other customary banking services. The Bank also provides Internet banking, which consists of inquiry, account status, bill paying, account transfers, and cash management. The Bank does not provide trust services or international banking services.

Cliffs Natural Resources Inc.

Enphase Energy Inc.

Enphase Energy is a global energy technology company. The company designs, develops, manufactures and sells home energy solutions that connect energy generation, energy storage and control and communications management on one platform. The company's semiconductor-based microinverter converts energy at the individual solar module level and, combines with its proprietary networking and software technologies to provide energy monitoring and control. The Enphase Home Energy Solution with IQ consists of four primary components: Enphase microinverters, the AC Battery?, an Envoy gateway, and Enlighten cloud-based software.

Farmers National Banc Corp.

Farmers National Banc is a financial holding company. Through its wholly-owned subsidiaries, the company operates in the domestic banking, trust, retirement consulting, insurance and financial management industries. The company's commercial and retail banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines, internet banking, travel cards, E Bond transactions, MasterCard and Visa credit cards, brokerage services and other miscellaneous services.

FB Financial Corporation

FB Financial is a bank holding company. Through its bank subsidiary, FirstBank (the Bank), the company is engaged in providing a suite of commercial and consumer banking services to clients. The company's commercial lending products include working capital lines of credit, equipment loans, owner-occupied and non-owner-occupied real estate construction loans, mini-perm real estate term loans, and cash flow loans to a mix of clients, including small and medium sized businesses. The company's consumer lending products include first and second residential mortgage loans, home equity lines of credit and consumer installment loans to purchase cars, boats and other recreational vehicles.

First Busey Corporation

First Busey is a financial holding company. Through its subsidiary, Busey Bank, the company conducts a range of financial services. The company has three segments: Banking, which provides banking services to individual and corporate customers through its banking center network in Illinois, St. Louis, MO metropolitan area, southwest Florida and through its banking center in Indianapolis, IN; Remittance Processing, which provides for online bill payments, lockbox and walk-in payments; and Wealth Management, which provides a range of asset management, investment and fiduciary services to individuals, businesses and foundations, tax preparation, philanthropic advisory services and farm and brokerage services.

First Financial Bankshares Inc

First Financial Bankshares is a financial holding company. Through its subsidiaries, the company conducts commercial banking business. The company's banking centers are located primarily in Central, North Central, Southeast and West Texas. Each of the company's bank regions provides general commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, transmitting funds, and performing other customary commercial banking services.

First Interstate BancSystem Inc. Class A

First Interstate BancSystem is a financial and bank holding company. Through its bank subsidiary, First Interstate Bank, the company delivers a range of banking products and services to individuals, businesses, municipalities, and other entities throughout its market areas. The company provides real estate, consumer, commercial, agricultural and other loans to individuals and businesses in its market areas. The company also provides depository products including checking, savings and time deposits, as well as a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations.

Glacier Bancorp Inc.

Glacier Bancorp is a bank holding company. Through its subsidiaries, the company provides commercial banking services from 164 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. The company provides a range of banking products and services, including: retail banking; business banking; real estate, commercial, agriculture and consumer loans; and mortgage origination services. The treasury division includes the Bank's investment portfolio and wholesale borrowings, the information technology division includes the Bank's internal data processing, and the centralized mortgage division includes mortgage loan servicing and secondary market sales.

Heritage Commerce Corp.

Heritage Commerce is a bank holding company. Through its subsidiary, Heritage Bank of Commerce, the company provides a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. The company's lending activities include commercial, real estate, construction and land development, consumer and Small Business Administration guaranteed loans. The company provides a range of deposit products for business banking and retail markets. The company provides a multitude of other products and services to complement its lending and deposit services. In addition, the company's subsidiary, Bay View Funding, provides factoring financing throughout the United States.

Kinnate Biopharma

Markel Corporation

Markel is a financial holding company. The company's business operations are: Underwriting, which comprised of risk-bearing insurance and reinsurance operations; Investing, which is primarily related to underwriting operations; Markel Ventures, Inc., includes controlling interests in a portfolio of businesses that operate outside of the specialty insurance marketplace; Insurance-linked securities, which include investment fund managers that provide investment products, including insurance-linked securities, catastrophe bonds, insurance swaps and weather derivatives; and Program services, which serves as a fronting platform that provides access to property and casualty insurance market.

Northrim BanCorp Inc.

Northrim BanCorp is a bank holding company. The company's direct wholly-owned subsidiaries include: Northrim Bank, which operates a factoring business through its subsidiary, Northrim Funding Services, and also provides various commercial and consumer loan and deposit products, investment products, and electronic banking services over the Internet; Northrim Investment Services Company, which owns Pacific Wealth Advisors, LLC, an investment advisory, trust, and wealth management business; and Northrim Statutory Trust 2, which facilitates a trust preferred securities offering by the company The company also originates one-to-four family residential mortgages throughout Alaska which it sells to the secondary market.

Old National Bancorp

Old National Bancorp is a financial holding company that operates primarily in Indiana, Kentucky, Michigan, Wisconsin, and Minnesota. Through its wholly owned banking subsidiary, Old National Bank, the company provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory, and other banking services. In addition to the community banking services of lending and providing deposit services, the company provides wealth management, investment, and foreign currency services. For businesses, the company provides treasury management, merchant, health savings, and capital markets services, among others.

Origin Bancorp

Origin Bancorp is a financial holding company. The company's wholly owned bank subsidiary, Origin Bank, provides a range of financial services to small and medium-sized businesses, municipalities, individuals and retail clients. The company is primarily engaged in accepting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and consumer loans. The company originates loans primarily secured by single and multi-family real estate, residential construction and commercial buildings. In addition, the company makes loans to small and mid-sized businesses, as well as to consumers for a variety of purposes.

Prosperity Bancshares Inc.(R)

Prosperity Bancshares is a financial holding company, engaged in providing a variety of financial products and services to small and medium-sized businesses and consumers. The company is a real estate lender with commercial real estate (including multifamily residential), one-to-four family residential and construction, land development and other land loans. The company also provides commercial loans, agricultural loans, loans for automobiles and other consumer durables, home equity loans, debit and credit cards, internet banking and other cash management services, mobile banking, trust and wealth management, retail brokerage services, mortgage banking services and automated telephone banking.

QCR Holdings Inc.

QCR Holdings is a multi-bank holding company. The company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Springfield communities through its wholly-owned banking subsidiaries, which provide commercial and consumer banking and trust and asset management services. In addition, the company engages in direct financing lease contracts through its subsidiary, m2 Lease Funds, LLC. The company's principal business consists of accepting deposits and investing those deposits in loans/leases and securities. The company and its subsidiaries provide a range of commercial and retail lending/leasing and investment services to corporations, partnerships, individuals, and government agencies.

SecureWorks

SecureWorks is a holding company. Through its subsidiaries, the company provides information security solutions focused on protecting its customers from cyber attacks. The company's integrated suite of solutions include: managed security, through which it provides its customers global visibility and insight into malicious activity enabling them to detect and remediate threats; and security and risk consulting, through which it advises its customers on a variety of security and risk-related matters. The company's proprietary Counter Threat Platform collects, aggregates, correlates and analyzes daily events from its customer base and uses algorithms to detect malicious activity and deliver security countermeasures.

Simmons First National Corporation Class A

Simmons First National is a financial holding company. The company, through its subsidiaries, provides banking and other financial products and services in markets located in Arkansas, Colorado, Illinois, Kansas, Missouri, Oklahoma, Tennessee and Texas. The company's subsidiary, Simmons Bank, provides loans for corporate purposes, including financing commercial real estate, construction of particular properties, commercial and industrial uses, acquisition and equipment financings, and other general corporate needs. Simmons Bank also engages in small business administration and agricultural finance lending, and it provides corporate credit card products, as well as deposit and treasury management services.

Snap Inc. Class A

Snap is a camera company. The company's primary product, Snapchat, is a camera application that helps people to communicate visually through short videos and images called Snaps. The company's products are: Camera, which includes tools for people to personalize their Snaps; Chat, which includes interacting with friends on Snapchat; Discover, which includes providing Stories and Shows from publishers, creators, and the community; Snap Map, which shows a live map of the user's location; Memories, which enables users to save the Snaps they create in a personal collection called Memories; and Spectacles, which includes creating Memories by using Spectacles, which are the company's sunglasses that make Snaps.

Techstep ASA

Birdstep Technology is an independent software vendor operating in the wireless and database technology markets. Co. targets enterprises, telecom operators, wireless service providers, system integrators, application developers and hardware vendors. Co. has organized its business operations into two strategic units and technological centers of excellence, reflecting its technological platforms and primary geographical focus. Birdstep EMEA, located in Oslo, Norway, is responsible for wireless technologies, while Birdstep AMPAC, located in Seattle, Washington, is responsible for Co.s database technologies.

Texas Capital Bancshares Inc.

Texas Capital Bancshares is a bank holding company. Through its subsidiary, Texas Capital Bank, National Association, the company serves commercial businesses and professionals and entrepreneurs located in Texas as well as operates several lines of business serving a regional or national clientele of commercial borrowers. The company is a lender, with most of its loans held for investment, excluding mortgage finance loans and other national lines of business, being made to businesses headquartered or with operations in Texas. The company's business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts and other treasury management services, including online banking.

TRUSTCO BANK CORP NY

UMB Financial Corporation

UMB Financial is a bank holding company and a financial holding company. Through its subsidiaries, the company provides banking services and asset servicing to its customers. The company's segments include: Commercial Banking, which serves the commercial lending and leasing, capital markets, and treasury management needs of the company's mid-market businesses and governmental entities; Institutional Banking, which is a combination of banking services, fund services, and asset management services provided to institutional clients; Personal Banking, which combines consumer services and asset management provided to personal clients; and Healthcare Services, which provides healthcare payment solutions.

Zions Bancorporation N.A.

Zions is a commercial bank. The company provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company provides community banking services through its main business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; capital markets activities, including municipal finance advisory and underwriting; and investment activities.

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Analysts
Jonathan Moreland

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