November 21, 2016 - By Clifton Ray · 0 Comments
Porter Bancorp Inc (NASDAQ:PBIB) institutional sentiment increased to 1.33 in Q2 2016. Its up 0.58, from 0.75 in 2016Q1. The ratio is positive, as 3 hedge funds increased and started new stock positions, while 4 sold and reduced stock positions in Porter Bancorp Inc. The hedge funds in our partner’s database now own: 2.95 million shares, down from 3.15 million shares in 2016Q1. Also, the number of hedge funds holding Porter Bancorp Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 1 Increased: 3 New Position: 0.
Porter Bancorp, Inc. is a bank holding company. The company has a market cap of $70.01 million. The Firm operates through its subsidiary, PBI Bank . It has a 20.47 P/E ratio. The Bank is a community bank with a range of commercial and personal banking products.
About 31,009 shares traded hands. Porter Bancorp, Inc. (NASDAQ:PBIB) has risen 41.77% since April 19, 2016 and is uptrending. It has outperformed by 37.91% the S&P500.
According to Zacks Investment Research, “PBI Bank, Inc. provide quality banking services, great rates and excellent customer service. We believe PBI Bank represents the future of banking and our growing customer base agrees. PBI Bank, Inc. is headquartered in Louisville, KY. They have many banking centers across Central Kentucky to serve our customers banking needs.”
Patriot Financial Partners Gp Lp holds 0.73% of its portfolio in Porter Bancorp, Inc. for 1.80 million shares. Rmb Capital Management Llc owns 886,164 shares or 0.07% of their US portfolio. Moreover, Clinton Group Inc has 0.01% invested in the company for 137,469 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Blackrock Advisors Llc, a Delaware-based fund reported 6,148 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 buys, and 6 insider sales for $8,147 net activity.
Porter Bancorp, Inc., incorporated on February 9, 1988, is a bank holding company. The Firm operates through its subsidiary, PBI Bank (the Bank). The Bank is a community bank with a range of commercial and personal banking products. It also offers a range of retail and commercial deposit products. In addition, it offers its clients 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 (ACH) services, domestic and foreign wire transfers, cash management, vault services, and loan and deposit sweep accounts. The Firm operates banking offices in approximately 12 counties in Kentucky. The Company’s markets include metropolitan Louisville in Jefferson County and the surrounding counties of Henry and Bullitt. It serves south central Kentucky and southern Kentucky from banking offices in Butler, Green, Hart, Edmonson, Barren, Warren, Ohio and Daviess Counties.
More notable recent Porter Bancorp, Inc. (NASDAQ:PBIB) news were published by: Businesswire.com which released: “Porter Bancorp, Inc. Appoints Two New Board Members” on September 23, 2015, also Businesswire.com with their article: “Porter Bancorp, Inc. Adopts Tax Benefits Preservation Plan to Preserve Use of …” published on June 26, 2015, Bizjournals.com published: “PBI looks in new direction with renewed optimism” on October 21, 2014. More interesting news about Porter Bancorp, Inc. (NASDAQ:PBIB) were released by: Businesswire.com and their article: “Porter Bancorp, Inc. Board Appoints N. Marc Satterthwaite, Mark F. Wheeler as …” published on April 09, 2014 as well as Businesswire.com‘s news article titled: “John T. Taylor Named Porter Bancorp, Inc. CEO and PBI Bank Chairman” with publication date: November 21, 2013.
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By Clifton Ray