Insider Selling: Porter Bancorp, Inc. (PBIB) Major Shareholder Sells $12,500.00 in Stock

Porter Bancorp, Inc. (NASDAQ:PBIB) major shareholder Maria L. Bouvette sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $12.50, for a total value of $12,500.00. Following the completion of the transaction, the insider now owns 543,623 shares of the company’s stock, valued at $6,795,287.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Porter Bancorp, Inc. (PBIB) traded up $0.60 during trading hours on Friday, hitting $13.15. The stock had a trading volume of 815 shares, compared to its average volume of 1,372. Porter Bancorp, Inc. has a 1 year low of $8.11 and a 1 year high of $13.75. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.81 and a quick ratio of 0.81.

Porter Bancorp (NASDAQ:PBIB) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.29 EPS for the quarter. The firm had revenue of $8.97 million for the quarter. Porter Bancorp had a negative return on equity of 4.58% and a negative net margin of 3.65%.

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A hedge fund recently raised its stake in Porter Bancorp stock. Susquehanna International Group LLP increased 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 Form 13F filing with the Securities & Exchange Commission. The firm owned 15,215 shares of the financial services provider’s stock after acquiring an additional 2,313 shares during the period. Susquehanna International Group LLP owned about 0.25% of Porter Bancorp worth $156,000 as of its most recent filing with the Securities & Exchange Commission. 17.89% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Porter Bancorp (NASDAQ:PBIB)

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