PB Bancorp Inc (NASDAQ:PBBI) Sees Significant Drop in Short Interest
PB Bancorp Inc (NASDAQ:PBBI) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 2,300 shares, a decrease of 61.0% from the June 15th total of 5,900 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.
PB Bancorp stock traded down $0.10 during trading hours on Friday, hitting $11.45. 1,387 shares of the stock were exchanged, compared to its average volume of 4,677. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $86.01 million, a PE ratio of 19.91 and a beta of 0.30. PB Bancorp has a 12 month low of $10.50 and a 12 month high of $12.10. The stock has a 50-day moving average of $11.50.
PB Bancorp (NASDAQ:PBBI) last issued its quarterly earnings data on Tuesday, May 14th. The bank reported $0.13 earnings per share for the quarter. The firm had revenue of $4.39 million for the quarter. PB Bancorp had a net margin of 20.09% and a return on equity of 5.01%.
An institutional investor recently raised its position in PB Bancorp stock. Commonwealth Equity Services LLC increased its stake in shares of PB Bancorp Inc (NASDAQ:PBBI) by 1,457.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,707 shares of the bank’s stock after purchasing an additional 260,813 shares during the quarter. Commonwealth Equity Services LLC owned about 3.74% of PB Bancorp worth $3,302,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 33.28% of the company’s stock.
PB Bancorp Company Profile
PB Bancorp, Inc operates as the holding company of Putnam Bank that provides various banking products and services to individuals and small business customers primarily in Connecticut. It offers a range of deposits, including checking, savings, and money market deposit accounts, as well as negotiable order of withdrawal accounts and fixed-term certificates of deposit.
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