Insider Selling: Porter Bancorp, Inc. (PBIB) SVP Sells 3,000 Shares of Stock

Porter Bancorp, Inc. (NASDAQ:PBIB) SVP Joseph C. Seiler sold 3,000 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $13.74, for a total value of $41,220.00. Following the completion of the transaction, the senior vice president now directly owns 27,147 shares of the company’s stock, valued at approximately $372,999.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NASDAQ PBIB traded down $0.09 during trading hours on Wednesday, reaching $13.81. The company’s stock had a trading volume of 1,300 shares, compared to its average volume of 10,383. The stock has a market capitalization of $85.36 million, a price-to-earnings ratio of 14.36 and a beta of 1.01. Porter Bancorp, Inc. has a 1-year low of $9.75 and a 1-year high of $15.55. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.68.

Porter Bancorp (NASDAQ:PBIB) last released its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $0.31 earnings per share for the quarter. The company had revenue of $9.43 million during the quarter. Porter Bancorp had a return on equity of 11.85% and a net margin of 89.19%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBIB. Banc Funds Co. LLC acquired a new position in Porter Bancorp in the 4th quarter worth about $1,383,000. Patriot Financial Partners GP LP acquired a new position in Porter Bancorp in the 1st quarter worth about $2,055,000. Finally, EJF Capital LLC acquired a new position in Porter Bancorp in the 1st quarter worth about $3,973,000. 23.00% of the stock is owned by institutional investors.

About Porter Bancorp

Porter Bancorp, Inc operates as the bank holding company for Limestone Bank, Inc that provides a range of commercial and personal banking products and services. The company offers deposit products, including checking, savings, and term certificate accounts, as well as money market accounts and fixed rate certificates.

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

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