Weekly CFO Buys Highlight: PokerTek Inc., Ocean BioChem Inc., DNB Financial Corp, First Advantage Bancorp.

Weekly CFO Buys Highlight: PTEK, OBCI, DNBF, FABK

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Apr 11, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week are PokerTek Inc. (PTEK, Financial), Ocean BioChem Inc. (OBCI, Financial), DNB Financial Corp (DNBF, Financial), and First Advantage Bancorp (FABK, Financial).

CEO & CFO of PokerTek Inc. (PTEK) Mark Daniel Roberson bought 66,500 shares on 04/06/2010 at an average price of $0.48. PokerTek, Inc. was formed to develop and market the PokerPro system, an electronic poker table that provides a fully-automated poker room environment, to tribal casinos, commercial casinos, and card clubs. Pokertek Inc. has a market cap of $10 million; its shares were traded at around $0.71 with and P/S ratio of 1.5.

On March 9, 2010, PokerTek, Inc. reported financial results for the fourth quarter and year ended December 31, 2009. Total revenue for the fourth quarter of 2009 was $1.5 million compared to $3.1 million for the fourth quarter of 2008. Net loss for the 2009 fourth quarter was $0.9 million, or $0.07 per common share, compared to $1.8 million, or $0.16 per common share, for the 2008 quarter. Total revenue for the full year 2009 was $6.7 million compared to $14.4 million for the full year 2008. Net loss for the full year 2009 was $5.7 million, or $0.47 per common share, compared to $7.6 million, or $0.70 per common share, for 2008.

CEO & CFO Mark Daniel Roberson, Director Lyle Berman, and President, 10% Owner James T Crawford III bought shares of PTEK stock.

Ocean BioChem Inc. (OBCI): CFO Jeffrey Barocas Bought 3,500 Shares

cfo of Ocean BioChem Inc. (OBCI) Jeffrey Barocas bought 3,500 shares on 04/06/2010 at an average price of $1.76. OCEAN BIO-CHEM, INC. is principally engaged in the marketing and distribution of a broad line of appearance and maintenance products for automobiles, boats, motorcycles, recreational vehicles and aircraft under the Star Brite name. Ocean Biochem Inc. has a market cap of $14.8 million; its shares were traded at around $1.91 with a P/E ratio of 12 and P/S ratio of 0.5.

On January 1, 2010, Ocean Bio-Chem., Inc. reported record net sales, for the year ending December 31, 2009, of approximately $24,568,000 compared to net sales of $20,918,000 for the year 2008, an increase of $3,650,000 or 17.5%. For the fourth quarter 2009, net sales were $5,837,000 compared to $3,961,000 for the fourth quarter of 2008, an increase of approximately $1,876,000 or 47.4%.

CFO Jeffrey Barocas bought shares of OBCI stock.

DNB Financial Corp (DNBF): EVP/CFO Gerald F Sopp Bought 218 Shares

EVP/CFO of DNB Financial Corp (DNBF) Gerald F Sopp bought 218 shares on 04/09/2010 at an average price of $5.85. DNB Financial Corporation is a bank holding company of DNB Financial Corporation that offers various commercial banking products and services for individuals and corporate customers in southeastern Pennsylvania. Dnb Financial Corp has a market cap of $17.4 million; its shares were traded at around $6.63 with a P/E ratio of 15.8 and P/S ratio of 0.6. The dividend yield of Dnb Financial Corp stocks is 1.8%.

On February 04, 2010, DNB Financial Corporation reported net income of $573,000 for the 2009 fourth quarter and net income of $1.6 million for the 2009 full year. This compares to a net loss of $230,000 for the fourth quarter of 2008 and net income of $809,000 for the 2008 full year. Total assets at December 31, 2009 increased $100.9 million or 18.91% to $634.3 million, when compared to December 31, 2008. Net loan and lease balances at December 31, 2009 were up $23.0 million or 6.83% compared to December 31, 2008.

Chairman/CEO William S Latoff, EVP/CFO Gerald F Sopp, and Director James J Koegel bought shares of DNBF stock.

First Advantage Bancorp (FABK): CFO & Sec. Patrick C Greenwell Bought 111 Shares

CFO & Sec. of First Advantage Bancorp (FABK) Patrick C Greenwell bought 111 shares on 04/06/2010 at an average price of $10.74. First Advantage Bancorp operates as the holding company for First Federal Savings Bank, which provides banking and financial services to individual and corporate customers primarily in Tennessee. First Advantage Bancorp has a market cap of $54.9 million; its shares were traded at around $10.64 with a P/E ratio of 133.1 and P/S ratio of 2.9. The dividend yield of First Advantage Bancorp stocks is 1.9%.

On Feb 11, 2010, First Advantage Bancorp announced net income of $360,000, or $0.08 per diluted share, for the year ended December 31, 2009 and net loss of $340,000, or $0.08 per diluted share for the quarter ended December 31, 2009, compared to a net loss of $8.1 million, or $1.73 per diluted share for the year ended December 31, 2008 and net income of $299,000, or $0.06 per diluted share for the quarter ended December 31, 2008. Total assets were $344.2 million at December 31, 2009 compared to $338.4 million at December 31, 2008, an increase of $5.8 million or 1.7%.

CEO Earl O Bradley III, CFO & Sec. Patrick C Greenwell, and Director William G Beach bought FABK stock.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.