Cape Bancorp Inc (CBNJ): Devlin Completes First Purchase

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Michael D. Devlin, President and CEO at Cape Bancorp Inc (NASDAQ:CBNJ) disclosed the acquisition of 15,000 shares of common stock through nine separate transactions with unit prices ranging from $8.87 to $8.93 on October 29, 2014. These are the first transactions completed this year by Mr. Devlin, and he now directly owns 111,925 shares and 93,903 shares through different family members and institutions.

Although insiders have sold Cape Bancorp Inc (NASDAQ:CBNJ)’s stock in the open market since May this year, nobody else but Mr. Devlin has acquired the stock this year. Emanuel J. Friedman’s Ejf Capital is the largest shareholding institution (amongst those we track) at Cape Bancorp Inc (NASDAQ:CBNJ) with 600,000 shares, valued at an estimate $6.4 million, after reporting no changes at the end of the second filling period of 2014.

Cape Bancorp Inc (NASDAQ:CBNJ) is a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses.

Disclosure: The author, Jodor Jalit, holds no position in any stocks or funds mentioned.

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