Baylake Corporation (NASDAQ:BYLK) saw an insider raise his stake in the company today. The Director Robert W. Agnew acquired 10,000 shares of common stock at an average price of $5 per share. Following this move, Agnew holds about 71 million shares directly; while holding approximately 5.75 million shares indirectly. Baylake Corporation (NASDAQ:BYLK) is a $104.83 million market cap holding company. The Company’s activities consist of holding the stock of its wholly owned subsidiary bank, Baylake Bank (the Bank), and providing a range of banking and related business activities through the Bank and its other subsidiaries. The Bank is an independent community bank offering a range of financial services to small businesses and individuals located in its market area.
In addition, Agnew is not the only insider to alter his position in the company in recent times. The Director James Louis Jeanquart purchased 2,400 shares at an average price of $12.58 shares just three weeks ago.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.