Insider Buying: Royal Bancshares Of Pennsylvan Director Acquires 8,600 Shares of Stock (RBPAA)
Royal Bancshares Of Pennsylvan (NASDAQ:RBPAA) Director William R. Hartman acquired 8,600 shares of the company’s stock on the open market in a transaction dated Monday, July 14th. The stock was purchased at an average price of $1.65 per share, with a total value of $14,190.00. Following the purchase, the director now directly owns 135,880 shares in the company, valued at approximately $224,202. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on RBPAA shares. Analysts at TheStreet downgraded shares of Royal Bancshares Of Pennsylvan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 8th.
Royal Bancshares Of Pennsylvan (NASDAQ:RBPAA) traded up 9.66% during mid-day trading on Tuesday, hitting $1.93. 35,174 shares of the company’s stock traded hands. Royal Bancshares Of Pennsylvan has a 52-week low of $1.30 and a 52-week high of $3.88. The stock’s 50-day moving average is $1.99 and its 200-day moving average is $2.22. The company has a market cap of $25.7 million and a price-to-earnings ratio of 18.53.
Royal Bancshares of Pennsylvania, Inc is a Pennsylvania business corporation and a bank holding company.
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