Hoyne Bancorp’s Chief Executive Officer Walter F. Healy purchased 1,548 shares of the company through an individual retirement account on Aug. 24 and Aug. 25, according to a U.S. Securities and Exchange Commission filing.
The transactions totaled $25,670 at prices ranging from $16.36 to $16.59 per share. Healy’s indirect holdings now include 17,369 shares held via the IRA and 23,925 shares held by his spouse.
Hoyne Bancorp’s stock was trading near its 52-week high of $16.86 at the time of the filings. The company’s shares have gained approximately 14% year-to-date, though its market capitalization remains modest at $132.87 million. The price-to-earnings ratio stands at 522, despite profitability over the trailing twelve months. Analysts cited by InvestingPro noted the stock appears overvalued relative to its fair-value estimate.
