In a recent presentation titled “Inside Arbitrage: Regional Banks,” the focus was on First Citizens Bancshares (FCNCA), an under-the-radar bank with significant potential. The presenter disclosed their intention to initiate a long position in FCNCA but urged investors to conduct their own due diligence and seek advice from their investment advisors.
The presentation started by highlighting the significance of insider buying signals, noting that insider selling typically outweighs insider buying by a considerable margin. However, the presenter pointed out instances where insider buying surpassed selling, coinciding with noteworthy market events such as the collapse of WTI Crude Future and the failure of SVB. This led to the revelation that regional bank insiders, including Frank Holding Jr. of First Citizens, engaged in substantial insider buying activity.
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