Maria L. Bouvette Sells 1,000 Shares of Porter Bancorp, Inc. (PBIB) Stock

Porter Bancorp, Inc. (NASDAQ:PBIB) major shareholder Maria L. Bouvette sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $11.05, for a total transaction of $11,050.00. Following the sale, the insider now owns 546,623 shares in the company, valued at approximately $6,040,184.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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Porter Bancorp, Inc. (NASDAQ PBIB) traded up 4.16% during trading on Friday, reaching $11.28. 9,493 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $10.54 and its 200-day moving average price is $10.08. Porter Bancorp, Inc. has a 52 week low of $1.55 and a 52 week high of $13.07. The stock’s market capitalization is $68.83 million.

Porter Bancorp (NASDAQ:PBIB) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.27 earnings per share for the quarter. The business had revenue of $8.70 million for the quarter. Porter Bancorp had a negative net margin of 4.59% and a negative return on equity of 5.33%. On average, equities analysts expect that Porter Bancorp, Inc. will post ($0.30) EPS for the current year.

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A hedge fund recently bought a new stake in Porter Bancorp stock. Renaissance Technologies LLC purchased a new position in shares of Porter Bancorp, Inc. (NASDAQ:PBIB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,162 shares of the financial services provider’s stock, valued at approximately $211,000. Renaissance Technologies LLC owned 0.28% of Porter Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 18.40% of the company’s stock.

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.