Lars B. Eller Sells 6,666 Shares of Royal Bancshares of Pennsylvania, Inc. (RBPAA) Stock
Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA) EVP Lars B. Eller sold 6,666 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $4.44, for a total value of $29,597.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Royal Bancshares of Pennsylvania, Inc. (RBPAA) traded up $0.12 during midday trading on Friday, reaching $4.50. The company’s stock had a trading volume of 6,767 shares, compared to its average volume of 33,518. The firm has a market cap of $132.59 million, a PE ratio of 11.39 and a beta of 0.77. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.98 and a current ratio of 0.98.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Context BH Capital Management LP purchased a new position in Royal Bancshares of Pennsylvania during the 2nd quarter valued at approximately $450,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Royal Bancshares of Pennsylvania during the 2nd quarter valued at approximately $880,000. State Street Corp purchased a new position in Royal Bancshares of Pennsylvania during the 2nd quarter valued at approximately $275,000. Finally, Vanguard Group Inc. grew its holdings in Royal Bancshares of Pennsylvania by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 168,010 shares of the bank’s stock valued at $711,000 after buying an additional 17,337 shares in the last quarter. Institutional investors and hedge funds own 27.74% of the company’s stock.
About Royal Bancshares of Pennsylvania
Royal Bancshares of Pennsylvania, Inc is a bank holding company. The Company offers a range of financial and banking products and services. The principal activities of the Company are supervising Royal Bank America (Royal Bank), which engages in general banking business. It operates through two segments: Community Banking and Tax Liens.
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