Randolph Bancorp (NASDAQ:RNDB) Downgraded to Sell at ValuEngine

ValuEngine downgraded shares of Randolph Bancorp (NASDAQ:RNDB) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

A number of other research firms have also recently commented on RNDB. TheStreet raised shares of Randolph Bancorp from a d+ rating to a c- rating in a research report on Wednesday, June 19th. Compass Point raised shares of Randolph Bancorp from a sell rating to a neutral rating in a research report on Thursday, May 2nd.

Shares of RNDB stock traded down $0.05 on Thursday, hitting $14.96. 802 shares of the stock traded hands, compared to its average volume of 10,647. The company’s 50-day moving average price is $14.99. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.09. Randolph Bancorp has a twelve month low of $13.16 and a twelve month high of $17.24.

Randolph Bancorp (NASDAQ:RNDB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.28 earnings per share for the quarter. Randolph Bancorp had a net margin of 2.60% and a negative return on equity of 0.79%. The firm had revenue of $10.34 million for the quarter.

In related news, insider Thomas A. Foresta bought 5,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $15.00 per share, with a total value of $75,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.29% of the company’s stock.

An institutional investor recently raised its position in Randolph Bancorp stock. Dimensional Fund Advisors LP lifted its holdings in shares of Randolph Bancorp Inc (NASDAQ:RNDB) by 31.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,800 shares of the financial services provider’s stock after purchasing an additional 7,145 shares during the quarter. Dimensional Fund Advisors LP owned about 0.50% of Randolph Bancorp worth $422,000 as of its most recent filing with the SEC. 35.41% of the stock is owned by institutional investors.

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.

Further Reading: Trade Deficit

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