Porter Bancorp, Inc Has Bullish Trade, Rmb Capital Management Bought Stake!

February 14, 2018 - By Maria Brooks

 Porter Bancorp, Inc Has Bullish Trade, Rmb Capital Management Bought Stake!

The New Rmb Capital Management Holding in Porter Bancorp, Inc

Rmb Capital Management reported SC 13G/A form with the SEC for Porter Bancorp, Inc. Access it here: 000117266118000470. As reported by Rmb Capital Management, the filler owns 6.4% or 400,200 shares of the Finance–company.

Porter Bancorp, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Rmb Capital Management’s positive view for Porter Bancorp, Inc. For a hedge fund managing $3.98 billion in assets and having 75+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Rmb Capital Management’s portfolio is in the sector.

Porter Bancorp, Inc Institutional Sentiment

Filings show 14 investors own Porter Bancorp, Inc. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 54984. 3454180 were owned by these investors. 4 funds opened new Porter Bancorp, Inc stakes, 1 increased positions. There were 4 that closed positions and 2 reduced them.

Bridgeway Capital Management Inc is an investor bullish on Porter Bancorp, Inc, owning 83000 shares as of Q3 2015 for less than 0.01% of its portfolio. Earnest Partners Llc owns 947 shares or less than 0.01% of its portfolio. IL Rmb Capital Management Llc have 0.08% of its portfolio for 886164 shares. Further, Clinton Group Inc reported stake worth 0.08% of its portfolio. The PA Patriot Financial Partners Gp Lp owns 1798629 shares. Porter Bancorp, Inc is 0.60% of its portfolio.

Business Profile

Porter Bancorp, Inc. is a bank holding company. The Company operates through its subsidiary, PBI Bank (the Bank). The Bank is a community bank with a range of commercial and personal banking products. It offers retail and commercial deposit products. It offers drive-in banking facilities, automatic teller machines, night depository, personalized checks, credit cards, debit cards, Internet banking, mobile banking, treasury management services, remote deposit services, electronic funds transfers through automated clearing house services, domestic and foreign wire transfers, cash management, vault services, and loan and deposit sweep accounts. It operates banking offices in approximately 12 counties in Kentucky. Its markets include metropolitan Louisville in Jefferson County and the surrounding counties of Henry and Bullitt. It serves south central Kentucky and southern Kentucky from banking offices in Butler, Green, Hart, Edmonson, Barren, Warren, Ohio and Daviess Counties.

SEC Form 13G.

Rmb Capital Management website.

The stock increased 1.77% or $0.25 during the last trading session, reaching $14.35. About 2,154 shares traded. Porter Bancorp, Inc. (NASDAQ:PBIB) has risen 22.28% since February 14, 2017 and is uptrending. It has outperformed by 5.58% the S&P500.

Porter Bancorp, Inc. operates as the bank holding firm for PBI Bank that provides commercial and personal banking services and products. The company has market cap of $87.57 million. The firm offers deposit products, including checking, savings, and term certificate accounts, as well as NOW accounts, money market accounts, and fixed rate certificates. It has a 2.33 P/E ratio. It also provides commercial loans for equipment purchases, working capital, and other financing needs of business enterprises; and commercial real estate loans that include loans on properties occupied by the borrowers and tenants, as well as construction and development loans secured by land under development, or homes and commercial buildings under construction.

More notable recent Porter Bancorp, Inc. (NASDAQ:PBIB) news were published by: Businesswire.com which released: “Porter Bancorp Announces 1 for 5 Reverse Stock Split” on November 28, 2016, also Businesswire.com with their article: “John T. Taylor Named Porter Bancorp, Inc. CEO and PBI Bank Chairman” published on November 21, 2013, Businesswire.com published: “Porter Bancorp Reports 2017 Net Income of $37.5 Million or $6.15 per Share …” on January 24, 2018. More interesting news about Porter Bancorp, Inc. (NASDAQ:PBIB) were released by: Businesswire.com and their article: “Porter Bancorp, Inc. Appoints Two New Board Members” published on September 23, 2015 as well as Marketwatch.com‘s news article titled: “Porter Bancorp Inc.” with publication date: May 24, 2017.

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