ValuEngine Downgrades Royal Bancshares of Pennsylvania (RBPAA) to Hold
Royal Bancshares of Pennsylvania (NASDAQ:RBPAA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Shares of Royal Bancshares of Pennsylvania (NASDAQ RBPAA) remained flat at $$4.46 during midday trading on Friday. 22,558 shares of the company were exchanged, compared to its average volume of 25,345. Royal Bancshares of Pennsylvania has a twelve month low of $2.75 and a twelve month high of $4.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $132.95, a price-to-earnings ratio of 11.51 and a beta of 0.77.
In other Royal Bancshares of Pennsylvania news, CEO F Kevin Tylus sold 11,666 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $4.44, for a total value of $51,797.04. Following the completion of the sale, the chief executive officer now owns 320,267 shares in the company, valued at $1,421,985.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Lars B. Eller sold 6,666 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $4.44, for a total transaction of $29,597.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,998 shares of company stock valued at $111,141. 25.34% of the stock is owned by insiders.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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