Zacks: Randolph Bancorp Inc (RNDB) Receives Average Rating of “Strong Sell” from Analysts

Shares of Randolph Bancorp Inc (NASDAQ:RNDB) have earned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating.

Zacks has also assigned Randolph Bancorp an industry rank of 152 out of 255 based on the ratings given to related companies.

Separately, Compass Point cut shares of Randolph Bancorp from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 8th.

In related news, insider James P. Mcdonough purchased 5,342 shares of the stock in a transaction dated Thursday, December 13th. The shares were acquired at an average cost of $14.60 per share, with a total value of $77,993.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.67% of the company’s stock.

Several large investors have recently bought and sold shares of RNDB. BlackRock Inc. boosted its position in shares of Randolph Bancorp by 23.7% in the 2nd quarter. BlackRock Inc. now owns 18,602 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 3,566 shares during the period. Thomson Horstmann & Bryant Inc. lifted its position in shares of Randolph Bancorp by 8.7% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 519,330 shares of the financial services provider’s stock valued at $8,584,000 after buying an additional 41,683 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Randolph Bancorp by 26.5% in the third quarter. Dimensional Fund Advisors LP now owns 22,655 shares of the financial services provider’s stock valued at $374,000 after buying an additional 4,750 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Randolph Bancorp by 0.7% in the third quarter. Vanguard Group Inc now owns 148,330 shares of the financial services provider’s stock valued at $2,452,000 after buying an additional 1,100 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Randolph Bancorp by 55.2% in the fourth 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. 34.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:RNDB traded up $0.35 on Friday, reaching $15.25. 16,231 shares of the company were exchanged, compared to its average volume of 4,708. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 1.01. Randolph Bancorp has a 1-year low of $13.16 and a 1-year high of $17.45.

About Randolph Bancorp

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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