Sims Gary L

SVP & Chief Credit Officer Sims Gary L purchased 2,000 shares of MOFG at $25.00; 12 other insiders bought within 14 days.

Sims Gary L, SVP & Chief Credit Officer, purchased 2,000 shares at $25.00 on 2024-09-30, increasing his holdings to 15.4K shares—a 15.0% increase. The transaction occurred at a price approximately 12.4% below the current market price of $28.53 and well within the 52-week range of $19.33–$29.87. Most notably, this buy is part of a cluster pattern: 12 other insiders also bought within the past 14 days, indicating coordinated open-market acquisition activity across the executive team. At a P/E of 14.56 and market cap of $450.0M, the company demonstrates solid fundamentals with net income of $15.8M. The cluster buy pattern—particularly from a Chief Credit Officer responsible for credit risk oversight—combined with the stock trading 4.5% below its 52-week high after a strong 90-day rally of +26.8%, warrants investor attention to the underlying thesis driving this synchronized accumulation.