Insider Selling: Edwin Sr Hale Sr Unloads 15,881 Shares of First Mariner Bancorp Stock (FMAR)
First Mariner Bancorp (NASDAQ:FMAR) major shareholder Edwin Sr Hale, Sr. unloaded 15,881 shares of First Mariner Bancorp stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $1.27, for a total transaction of $20,168.87. Following the sale, the insider now directly owns 1,885,409 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of First Mariner Bancorp (NASDAQ:FMAR) traded down 3.82% during mid-day trading on Friday, hitting $1.26. The stock had a trading volume of 50,025 shares. First Mariner Bancorp has a one year low of $0.46 and a one year high of $2.97. The stock’s 50-day moving average is $1.83 and its 200-day moving average is $1.62. The company has a market cap of $24.8 million and a price-to-earnings ratio of 5.22.
First Mariner Bancorp is a bank holding company whose business is conducted primarily through its wholly owned operating subsidiaries, First Mariner Bank (NASDAQ:FMAR) and FM Appraisals, LLC (FM Appraisals).
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