Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of West Coast Bancorp (NASDAQ:WCBO).
SEC data indicate that these institutions significantly increased their stock shares of West Coast Bancorp in Q3 2011:
- SANDLER ONEILL ASSET MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 50,000 shares, worth $700,000.
- MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 43,884 shares, worth $614,376.
- PERKINS INVESTMENT MANAGEMENT, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 15,780 shares, worth $220,920.
- GLENMEDE TRUST CO NA: On 06/30/2011, held 0 shares. On 09/30/2011, held 300 shares, worth $4,200.
About the company: West Coast Bancorp is the holding company for West Coast Bank. The Bank provides community banking and related services to individuals, professionals, and small and medium-sized businesses through a network of offices in western Oregon and southwestern Washington.
Competitors to Watch: Cascade Bancorp (NASDAQ:CACB), Pacific Continental Corp. (NASDAQ:PCBK), Wells Fargo & Company (NYSE:WFC), Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), U.S. Bancorp (NYSE:USB), Columbia Banking System, Inc. (NASDAQ:COLB), and Frontier Financial Corp. (FTBK).
(Note: Data regarding West Coast Bancorp’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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