Insider Buying: Louis James Jeanquart Purchases 2,000 Shares of Baylake Stock (BYLK)
Baylake (NASDAQ:BYLK) Director Louis James Jeanquart bought 2,000 shares of Baylake stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of $12.70 per share, with a total value of $25,400.00. Following the completion of the acquisition, the director now directly owns 218,379 shares of the company’s stock, valued at approximately $2,773,413. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Baylake (NASDAQ:BYLK) traded down 0.40% on Wednesday, hitting $12.45. 8,171 shares of the company’s stock traded hands. Baylake has a 1-year low of $9.40 and a 1-year high of $14.00. The stock’s 50-day moving average is $12.43 and its 200-day moving average is $12.45. The company has a market cap of $98.8 million and a price-to-earnings ratio of 13.77.
Baylake (NASDAQ:BYLK) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.01. Analysts expect that Baylake will post $0.95 EPS for the current fiscal year.
Baylake Corp., is a bank holding company. The Company’s activities consist of holding the stock of its wholly owned subsidiary bank, Baylake Bank (NASDAQ:BYLK), and providing a range of banking and related business activities through the Bank and its other subsidiaries.
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