Porter Bancorp, Inc. (PBIB): James M. Parsons , director of Porter Bancorp, Inc. purchased 100,000 shares on Apr 15, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.30 per share for a total value of $130,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Norman Marcus Satterthwaite (director) purchased 4,500 shares at $1.96 per share price.On May 4, 2016, John T. Taylor (President) purchased 250,000 shares at $1.30 per share price.Also, On May 4, 2016, Bradford T Ray (director) purchased 250,000 shares at $1.30 per share price.On May 4, 2016, Maria L Bouvette (10% owner) sold 5,000 shares at $1.73 per share price.
Shares of Porter Bancorp (PBIB) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.52% at $1.91 with 23,086 shares getting traded. Post opening the session at $1.92, the shares hit an intraday low of $1.85 and an intraday high of $2.102 and the price vacillated in this range throughout the day. The company has a market cap of $51 M and the number of outstanding shares has been calculated to be 2,69,44,177 shares. The 52-week high of Porter Bancorp is $3.43 and the 52-week low is $0.981.
Porter Bancorp Inc. is a bank holding company. The Company’s wholly owned subsidiary is PBI Bank (the Bank). The Bank is a community bank with a range of commercial and personal banking products. Its lending services include real estate loans commercial loans mortgage loans and consumer loans to small to medium-sized businesses the owners and employees of those businesses as well as other executives and professionals. It also offers an array of retail and commercial deposit products. It offers its customers 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 lock box services along with loan and deposit sweep accounts. It offers savings accounts and money market accounts among others.