Randolph Bancorp Inc (NASDAQ:RNDB) Shares Sold by EJF Capital LLC

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EJF Capital LLC lessened its position in shares of Randolph Bancorp Inc (NASDAQ:RNDB) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 431,269 shares of the financial services provider’s stock after selling 60,854 shares during the quarter. EJF Capital LLC owned approximately 7.49% of Randolph Bancorp worth $6,512,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Context BH Capital Management LP acquired a new position in shares of Randolph Bancorp in the 1st quarter valued at approximately $259,000. Acadian Asset Management LLC boosted its stake in Randolph Bancorp by 124.1% during the second quarter. Acadian Asset Management LLC now owns 9,339 shares of the financial services provider’s stock valued at $141,000 after buying an additional 5,171 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Randolph Bancorp by 11.5% during the second quarter. BlackRock Inc. now owns 41,731 shares of the financial services provider’s stock valued at $630,000 after buying an additional 4,316 shares in the last quarter. 34.43% of the stock is owned by hedge funds and other institutional investors.

RNDB has been the subject of a number of recent research reports. ValuEngine downgraded Randolph Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. TheStreet raised Randolph Bancorp from a “d+” rating to a “c-” rating in a research report on Wednesday, June 19th.

NASDAQ:RNDB traded up $0.11 during trading hours on Thursday, hitting $14.99. 224 shares of the company were exchanged, compared to its average volume of 7,008. The company has a quick ratio of 1.06, a current ratio of 1.29 and a debt-to-equity ratio of 1.56. Randolph Bancorp Inc has a one year low of $13.16 and a one year high of $17.10. The company has a fifty day simple moving average of $14.98 and a 200 day simple moving average of $15.09.

Randolph Bancorp (NASDAQ:RNDB) last announced its 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%.

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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Institutional Ownership by Quarter for Randolph Bancorp (NASDAQ:RNDB)

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