Insider Buying: TD Banknorth CFO Purchases 4,294 Shares of Stock (BNK)
TD Banknorth (NYSE:BNK) CFO Cristian A. Melej purchased 4,294 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $17.00 per share, with a total value of $72,998.00. Following the completion of the purchase, the chief financial officer now directly owns 80,292 shares in the company, valued at approximately $1,364,964. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of TD Banknorth (NYSE:BNK) traded up 0.06% on Thursday, hitting $16.85. The stock had a trading volume of 7,470 shares. TD Banknorth has a 1-year low of $16.66 and a 1-year high of $18.00. The stock’s 50-day moving average is $16.8 and its 200-day moving average is $16.8. The company has a market cap of $1.573 billion and a price-to-earnings ratio of 105.25.
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