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Midstate trading: Metro CEO exercises options; other execs, shareholders add to holdings

Gary Nalbandian, the president, CEO and board chairman of Swatara Township-based Metro Bancorp Inc., exercised options on 8,000 shares totaling $98,240, according to a filing reported Jan. 26 with the U.S. Securities and Exchange Commission.

Excluding a large Hershey Co. transaction reported Thursday, that was largest stock action over the last week from executives and large shareholders at regionally based public companies.

Nalbandian holds 310,853 direct shares.

Board director Douglas Gelder sold 146 shares worth $3,800 in a filing reported on Jan. 28. Gelder holds 116,479 direct shares. Metro stock is traded on the NASDAQ under the ticker symbol METR. The stock has been trading around $26 per share.

Other trades

  • Allentown-based National Penn Bancshares Inc.: Board director Christian Martin IV bought 992 shares for $10,000 in a filing reported Jan. 20. He holds 388,987 direct shares of the bank holding company’s stock. The stock is traded on the NASDAQ under the ticker symbol NPBC. It has been around $10 per share.
  • East Donegal Township-based Donegal Group Inc.: Activist shareholder Gregory Shepard added 100 shares of the company’s Class B stock worth $2,200. He holds 398,555 direct shares of Class B stock and nearly 3.7 million shares of Class A stock, according to a filing reported on Jan. 20. Donegal stock is traded on the NASDAQ under the ticker symbols DGICA and DGICB. The latter was trading above $22 per share.
  • York-based York Water Co.: Board director Cynthia Dotzel purchased 20 shares for $464 in a filing reported on Jan. 20. She holds 14,366 direct shares. The water company’s stock is traded on the NASDAQ under the ticker symbol YORW. It was trading around $24 per share.

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