CBAN director Reed bought 310 shares at $16.18; low-value transaction with mixed historical timing at this ticker.
Director Matthew D. Reed purchased 310 shares at $16.18, increasing his holdings by 1.9% to 17,046 shares post-transaction. This modest $5,017.35 buy occurs while CBAN trades at $16.21, just 0.2% above the purchase price and 11.2% below its 52-week high of $18.26. Reed's same-ticker history at CBAN shows a mixed pattern: his 5 prior buys produced 1 of 5 well-timed outcomes at the 90-day mark, with returns ranging from -9.5% to +13.9% over 30 days. His broader cross-ticker track record (8 prior buys across all holdings) averaged -4.9% over 90 days with a 25% win rate, suggesting an overall unfavorable timing edge. The company's P/E of 10.13 and $282.6M market cap indicate a smaller regional bank; the modest transaction size relative to Reed's existing 16.7K-share position suggests routine rather than conviction-driven activity.