Randolph Bancorp Inc (NASDAQ:RNDB) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 5,500 shares, a decline of 21.4% from the May 15th total of 7,000 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 1.1 days.
In other news, insider Thomas A. Foresta bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average price of $15.00 per share, with a total value of $75,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 8.29% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in shares of Randolph Bancorp by 55.2% during the 4th quarter. Acadian Asset Management LLC now owns 3,363 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,196 shares during the last quarter. Context BH Capital Management LP purchased a new position in shares of Randolph Bancorp during the 1st quarter valued at approximately $259,000. Dimensional Fund Advisors LP boosted its stake in shares of Randolph Bancorp by 31.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 29,800 shares of the financial services provider’s stock valued at $422,000 after buying an additional 7,145 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. boosted its stake in shares of Randolph Bancorp by 2.8% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 534,025 shares of the financial services provider’s stock valued at $7,556,000 after buying an additional 14,695 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.
RNDB opened at $14.94 on Friday. Randolph Bancorp has a 1 year low of $13.16 and a 1 year high of $17.24. The business’s 50 day simple moving average is $14.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.11.
Randolph Bancorp (NASDAQ:RNDB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.20. The firm had revenue of $7.79 million during the quarter. Randolph Bancorp had a negative return on equity of 4.01% and a negative net margin of 3.84%.
RNDB has been the subject of several analyst reports. Compass Point raised shares of Randolph Bancorp from a “sell” rating to a “neutral” rating in a research note on Thursday, May 2nd. TheStreet downgraded shares of VOXX International from a “c-” rating to a “d” rating in a research note on Wednesday, June 19th.
Randolph Bancorp Company Profile
Randolph Bancorp, Inc operates as the bank holding company for Envision Bank that provides financial services to individuals, families, and small to mid-size businesses in Massachusetts, Rhode Island, and southern New Hampshire. The company accepts checking, NOW, money market, and savings accounts, as well as certificate of deposits and IRAs.
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