ValuEngine Lowers Royal Bancshares of Pennsylvania (RBPAA) to Hold

Royal Bancshares of Pennsylvania (NASDAQ:RBPAA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Royal Bancshares of Pennsylvania (NASDAQ:RBPAA) opened at $4.46 on Friday. Royal Bancshares of Pennsylvania has a 52 week low of $2.75 and a 52 week high of $4.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $133.60, a PE ratio of 11.46 and a beta of 0.77.

In other news, CEO F Kevin Tylus sold 11,666 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $4.44, for a total value of $51,797.04. Following the sale, the chief executive officer now directly owns 320,267 shares in the company, valued at $1,421,985.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lars B. Eller sold 6,666 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $4.44, for a total value of $29,597.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,998 shares of company stock worth $111,141. Corporate insiders own 25.34% of the company’s stock.

Several institutional investors have recently modified their holdings of RBPAA. State Street Corp bought a new stake in shares of Royal Bancshares of Pennsylvania in the second quarter valued at about $275,000. FNY Partners Fund LP bought a new stake in Royal Bancshares of Pennsylvania during the third quarter worth about $414,000. Context BH Capital Management LP bought a new stake in Royal Bancshares of Pennsylvania during the second quarter worth about $450,000. Vanguard Group Inc. raised its holdings in Royal Bancshares of Pennsylvania by 11.5% during the second quarter. Vanguard Group Inc. now owns 168,010 shares of the bank’s stock worth $711,000 after acquiring an additional 17,337 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Royal Bancshares of Pennsylvania during the second quarter worth about $880,000. Institutional investors own 28.11% of the company’s stock.

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About Royal Bancshares of Pennsylvania

Royal Bancshares of Pennsylvania, Inc is a bank holding company. The Company offers a range of financial and banking products and services. The principal activities of the Company are supervising Royal Bank America (Royal Bank), which engages in general banking business. It operates through two segments: Community Banking and Tax Liens.

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