Porter Bancorp, Inc. (NASDAQ:PBIB) major shareholder Maria L. Bouvette sold 1,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $14.34, for a total transaction of $14,340.00. Following the transaction, the insider now owns 542,623 shares in the company, valued at approximately $7,781,213.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Porter Bancorp, Inc. (PBIB) traded up $0.05 during trading hours on Wednesday, hitting $14.15. 9,958 shares of the stock traded hands, compared to its average volume of 4,517. Porter Bancorp, Inc. has a one year low of $8.11 and a one year high of $15.55. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.
Porter Bancorp (NASDAQ:PBIB) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. Porter Bancorp had a negative net margin of 3.65% and a negative return on equity of 4.42%. The company had revenue of $8.97 million for the quarter.
An institutional investor recently raised its position in Porter Bancorp stock. Susquehanna International Group LLP raised its stake in shares of Porter Bancorp, Inc. (NASDAQ:PBIB) by 17.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,215 shares of the financial services provider’s stock after purchasing an additional 2,313 shares during the quarter. Susquehanna International Group LLP owned 0.25% of Porter Bancorp worth $156,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 18.53% of the company’s stock.
Separately, ValuEngine downgraded shares of Porter Bancorp from a “buy” rating to a “hold” rating in a report on Monday, November 27th.
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Porter Bancorp Company Profile
Porter Bancorp, Inc is a bank holding company. The Company operates through its subsidiary, PBI Bank (the Bank). The Bank is a community bank with a range of commercial and personal banking products. It offers retail and commercial deposit products. It offers drive-in banking facilities, automatic teller machines, night depository, personalized checks, credit cards, debit cards, Internet banking, mobile banking, treasury management services, remote deposit services, electronic funds transfers through automated clearing house services, domestic and foreign wire transfers, cash management, vault services, and loan and deposit sweep accounts.
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