Thomas A. Foresta Buys 5,000 Shares of Randolph Bancorp Inc (NASDAQ:RNDB) Stock

Randolph Bancorp Inc (NASDAQ:RNDB) insider Thomas A. Foresta bought 5,000 shares of Randolph Bancorp stock in a transaction on Thursday, June 6th. The shares were purchased at an average cost of $15.00 per share, for a total transaction of $75,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of RNDB stock opened at $15.10 on Friday. The stock’s 50-day moving average price is $14.98. Randolph Bancorp Inc has a 12 month low of $13.16 and a 12 month high of $17.24. 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 (NASDAQ:RNDB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.20. The business had revenue of $7.79 million for the quarter. Randolph Bancorp had a negative net margin of 3.84% and a negative return on equity of 4.01%.

A number of equities analysts have commented on RNDB shares. Compass Point raised shares of Randolph Bancorp from a “sell” rating to a “neutral” rating in a research note on Thursday, May 2nd. TheStreet raised shares of Randolph Bancorp from a “d+” rating to a “c-” rating in a research note on Wednesday, June 19th.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc raised its stake in shares of Randolph Bancorp by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 148,330 shares of the financial services provider’s stock valued at $2,452,000 after acquiring an additional 1,100 shares during the period. Acadian Asset Management LLC raised its stake in shares of Randolph Bancorp by 55.2% in the 4th quarter. Acadian Asset Management LLC now owns 3,363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 1,196 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Randolph Bancorp by 31.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 29,800 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 7,145 shares during the period. Thomson Horstmann & Bryant Inc. raised its stake in shares of Randolph Bancorp by 2.8% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 534,025 shares of the financial services provider’s stock valued at $7,556,000 after acquiring an additional 14,695 shares during the period. Finally, Context BH Capital Management LP purchased a new stake in shares of Randolph Bancorp in the 1st quarter valued at approximately $259,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Insider Buying and Selling by Quarter for Randolph Bancorp (NASDAQ:RNDB)

Receive News & Ratings for Randolph Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randolph Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.