Michael F. Lombardi

Michael F. Lombardi is a declared insider at 2 companies; the most frequent names are Magyar Bancorp, Inc. and Sussex Bancorp. The record holds 56 filings, for trades running from 24 January 2019 to 20 February 2024.

In open-market terms, that means 29 purchases worth €579k on one side and 1 sale on the other. The amount is not disclosed for 1 filing. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Other entries cover 21 share grants. So far in 2024, the count stands at 5 purchases and no sales.

Half of the purchases are above €5,200 and half below. Across 29 purchases, this insider has always bought alone, with no colleague buying within 30 days. Looking at 5 purchases old enough to measure, the stock rose over the following 90 days in 80% of cases; the median change was +19.7%. This is a record of the past, not a forecast.

Most recently, on 21 February 2024, the filings show an open-market purchase worth €5,200 in Magyar Bancorp, Inc. Filings reach the SEC (Form 4) feed a median of 4 days after the trade. For comparison, the SEC allows two business days to file a Form 4. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.