Randolph Bancorp Inc (NASDAQ:RNDB) Sees Large Decrease in Short Interest
Randolph Bancorp Inc (NASDAQ:RNDB) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totalling 2,000 shares, a drop of 63.0% from the June 15th total of 5,400 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 7,400 shares, the short-interest ratio is currently 0.3 days.
In other news, insider Thomas A. Foresta bought 5,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was bought at an average cost of $15.00 per share, with a total value of $75,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.29% of the company’s stock.
An institutional investor recently bought a new position in Randolph Bancorp stock. Context BH Capital Management LP bought a new position in shares of Randolph Bancorp Inc (NASDAQ:RNDB) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,111 shares of the financial services provider’s stock, valued at approximately $259,000. Context BH Capital Management LP owned about 0.29% of Randolph Bancorp at the end of the most recent reporting period. 35.41% of the stock is owned by institutional investors.
Randolph Bancorp (NASDAQ:RNDB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $10.34 million during the quarter. Randolph Bancorp had a negative return on equity of 0.79% and a net margin of 2.60%.
RNDB has been the topic of a number of research reports. TheStreet lowered VOXX International from a “c-” rating to a “d” rating in a report on Wednesday, June 19th. Compass Point raised Randolph Bancorp from a “sell” rating to a “neutral” rating in a research report on Thursday, May 2nd.
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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