Director Kaeding buys 400 MOFG shares at $25.00 on 2024-09-30; 12 other insiders also bought within 14 days
Kaeding, a director, purchased 400 shares at $25.00, increasing his holdings from 7,444 to 7,844 shares (+5.4%). This transaction is noteworthy because it is part of a cluster pattern: 12 other insiders bought within the past 14 days, suggesting coordinated insider confidence at a time when MOFG trades at $28.53, or 14 percentage points above the purchase price. His prior trade at this ticker on 2023-05-25 generated a 90-day return of +9.9%, indicating past success with timing at MOFG. The stock's 90-day performance of +26.8% and P/E of 14.56 reflect a company in relatively steady financial position ($15.8M net income, $450.0M market cap), though the stock is currently 4.5% below its 52-week high, down 2.4% over 30 days. The cluster buying pattern across multiple insiders in a short window is the primary signal to monitor.