Baylake SVP Sells $62,500 in Stock (BYLK)
Baylake (NASDAQ:BYLK) SVP David J. Miller unloaded 5,000 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $12.50, for a total value of $62,500.00. Following the completion of the sale, the senior vice president now directly owns 1,115 shares in the company, valued at approximately $13,938. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Baylake (NASDAQ:BYLK) traded up 0.04% during mid-day trading on Wednesday, hitting $12.475. 361 shares of the company’s stock traded hands. Baylake has a 52-week low of $10.13 and a 52-week high of $14.00. The stock has a 50-day moving average of $12.30 and a 200-day moving average of $12.51. The company has a market cap of $107.5 million and a price-to-earnings ratio of 12.98.
Baylake (NASDAQ:BYLK) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Analysts expect that Baylake will post $0.96 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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