A few days back, I had reported that Williams Jerry L. purchased 1000 shares @ $16.27. He now holds over 48,626 shares, which amounts to approximately $750,000 investment in INBK.
He bought another 1,000 shares from the open market at an average price of $15.87 on 01/30/2015.
Directors think of the $15 – $16 range as very attractive buy points. That’s where all the buying activity has been. Now, none of this implies that the stock won’t go down or that the stock is poised for a recovery. I think this past quarter they firmly showed business progress. If they continue making business progress for few more quarters, we start seeing the progress reflected in the share price. That’s my thinking.