Although U.S. stocks closed higher on Monday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.

Peoples Financial

• The Trade: Peoples Financial Corporation (OTC:PFBX) President/CEO Chevis Swetman acquired a total of 4,000 shares an average price of $12.62. To acquire these shares, it cost around $50,480.
• What's Happening: Peoples Financial reported a new stock repurchase program.
• What Peoples Financial Does: Peoples Financial Corp is a bank holding company that provides banking, financial and trust services to individuals, small and commercial businesses operating in Mississippi, Louisiana, and Alabama.

AMREP

• The Trade: AMREP Corporation (NYSE:AXR) Director Robert Robotti acquired a total of 1,752 shares at an average price of $16.52. To acquire these shares, it cost around $28,951.
• What's Happening: AMREP reported net income of $21,790,000, or $4.11 per diluted share, for its 2023 fiscal year ended April 30, 2023.
• What AMREP Does: Amrep Corp through its subsidiaries is engaged in the Real estate business.

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BV Financial

• The Trade: BV Financial, Inc. (NASDAQ:BVFL) Director Brian McHale bought a total of 13,980 shares at an average price of $10.00. To acquire these shares, it cost around $139,800.
• What's Happening: BV Financial announced completion of conversion and related stock offering.
• What BV Financial Does: BV Financial Inc is a federally-chartered savings and loan holding company engaged in offering traditional financial services to consumers and businesses.

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