Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA) CEO F Kevin Tylus sold 11,666 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $4.44, for a total transaction of $51,797.04. Following the completion of the transaction, the chief executive officer now owns 320,267 shares of the company’s stock, valued at approximately $1,421,985.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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Several hedge funds have recently modified their holdings of the company. State Street Corp acquired a new position in Royal Bancshares of Pennsylvania during the 2nd quarter worth $275,000. Context BH Capital Management LP acquired a new position in Royal Bancshares of Pennsylvania during the 2nd quarter worth $450,000. Vanguard Group Inc. grew its holdings in Royal Bancshares of Pennsylvania by 11.5% during the 2nd 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. acquired a new position in Royal Bancshares of Pennsylvania during the 2nd quarter worth $880,000. 27.74% of the stock is currently owned by institutional investors and hedge funds.
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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