PNBC Major Holders

If the info in the following link is accurate,  it appears that only about 10 or 11% of all the outstanding shares are held by the funds,  the institutional investors and the board combined. Other financial sites list other breakdowns, but it is hard to tell who is current and who is not. Another analysis I’ve seen claims that around 550,000 shares are held by the same three groups.

With approximately 3,334,000 shares outstanding, 11% amounts to only 367,000 shares. But assuming 550,000 shares are held by the big guys and insiders, where are the rest of the shares? Who owns them? How many individuals like us own the shares?

PNBC Major Holders | Princeton National Bancorp, Inc Stock – Yahoo! Finance.

11 comments on “PNBC Major Holders

  1. I am sure that quite a lot are owned by simple employees. As a former employee, I know that they offered a program where you put so much per paycheck toward the purchase of shares and then each quarter they purchased shares on your behalf based on how much you had set aside and the going price. I know people that have tons tied up in stock. I, thankfully, did not participate while there.

  2. This was another thing that confused me.I don’t know if this was an employee thing or it is like that for all shareholders – evidently only a few employees per year (at least at the main branch) can attend the annual meeting, and those employees get official invitations to go. Otherwise you cannot attend. I always thought that didn’t sound “legal”. Are all stockholders allowed to attend, or is it hand-picked for outsiders as well? I know several who have been dying to go, but you cannot unless you get the special invite. Yes, I know you can vote and not be there – but thought it odd to promote buying company stock but not be welcome at the annual meeting!

    • I presume the issue is whether employees can attend the meeting on company time. Of course, the bank may invite certain employees to attend for P.R. purposes, to greet customers, etc. Outside your working hours, you can do whatever you please – without an invitation. In my opinion, it wouldn’t be proper for a current employee to make negative comments from the floor or to bad-mouth the bank at the meeting (or at any time, for that matter) – this is just common sense and standard etiquette. Former employees: I see no restrictions.

      Unless you attend the annual meeting, you won’t be able to vote for a director who is nominated from the floor of the meeting.

  3. I wonder how many shares are owned by CFNB? Enough to pull the “Stunt on March 30th”? What a surprise. That small manipulation in the stock price just happened to keep CFNB out of the “Critically undercapitalized” and only in the “Severely Undercapitalized” by bumping the Tier 1 up .4%.
    Just enough to stay above the 2% cutoff. Think anyone in senior management knew anything about this….?

  4. CFNB hold the bulk of the shares.
    Check out CFNB call report Balance sheet.

    Common Stock 9,000,000+ on 3/30/2012.
    After an “interesting” value increase in the stock value for 4 days. SEC is checking out this one.

    • The call report may be found here. Download the PDF.
      The balance sheet indicates a value of 9M+ for the common shares outstanding, as I read it. It does not indicate that the bank holds 3M+ shares, which it didn’t as of 3/31/2012.

  5. 3/31/2012 Share analysis – CFNB – 2,684,281, Insiders- 70,893, Major Holders – 186,594, Fund Holders – 106,577, – General holders – 347,655 Honestly look at the results from the voting at the annual meetings. “Broker Held” Who do you think those are?

    • I thought “broker held” were those stocks held in street name. They require a legal proxy, from the broker to the owner, in order for the actual owner to vote their shares.

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