Porter Bancorp, Inc. (NASDAQ:PBIB) major shareholder Maria L. Bouvette sold 1,000 shares of Porter Bancorp stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $14.34, for a total transaction of $14,340.00. Following the sale, the insider now owns 542,623 shares in the company, valued at approximately $7,781,213.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Porter Bancorp, Inc. (NASDAQ PBIB) traded up $0.05 during trading on Thursday, hitting $14.15. 9,900 shares of the stock traded hands, compared to its average volume of 4,517. 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, Inc. has a 52-week low of $8.11 and a 52-week high of $15.55.
Porter Bancorp (NASDAQ:PBIB) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $8.97 million for the quarter. Porter Bancorp had a negative net margin of 3.65% and a negative return on equity of 4.42%.
A hedge fund recently bought a new stake in Porter Bancorp stock. Emerald Mutual Fund Advisers Trust bought a new stake in Porter Bancorp, Inc. (NASDAQ:PBIB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,217 shares of the financial services provider’s stock, valued at approximately $356,000. Emerald Mutual Fund Advisers Trust owned approximately 0.50% of Porter Bancorp as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 18.53% of the company’s stock.
Separately, ValuEngine cut shares of Porter Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 27th.
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About Porter Bancorp
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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