Insiders Are Loading Up on These 3 Bank Stocks

While the Silicon Valley Bank fallout continues to roil financial markets…

Bank insiders are LOADING UP on three specific stocks.

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First Republic Bank (NYSE: FRC) started rescue talks – and it ended up getting $30 billion from eleven banks.

JPMorgan, Citigroup, Bank of America and Wells Fargo will each contribute $5 billion…

While Goldman Sachs and Morgan Stanley will deposit about $2.5 billion.

Truist, PNC, U.S Bancorp, State Street and Bank of New York Mellon will contribute about $1 billion apiece – according to FoxBusiness.

But while the financial market turmoil shows no signs up letting up…

Some bank insiders are scooping up shares of their own stocks.

Take Charles Schwab’s (NYSE: SCHW) CEO Walter Bettinger for example…

Who after seeing his firm’s shares drop by more than 30%, he decided to buy 50,000 shares for his own personal account.

And he’s not the only doing so.

It seems that the bank’s clients were also loading up on SCHW shares.

But what are the 3 bank stocks that are showing strong insider-buying activity?

According to Yahoo Finance

They are Fifth Third Bancorp (NASDAQ: FITB)… Stellar Bancorp (NASDAQ: STEL)… and Coastal Financial (NASDAQ: CCB).

Considering Wall Street’s average price target for these stocks…

You could see an upside of up to 57%… 29.5%… and 59% (respectively).

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