PB Bancorp Inc (NASDAQ:PBBI) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 1,300 shares, a decline of 43.5% from the June 30th total of 2,300 shares. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.
An institutional investor recently raised its position in PB Bancorp stock. Commonwealth Equity Services LLC increased its position in shares of PB Bancorp Inc (NASDAQ:PBBI) by 1,457.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 278,707 shares of the bank’s stock after acquiring an additional 260,813 shares during the period. Commonwealth Equity Services LLC owned approximately 3.74% of PB Bancorp worth $3,302,000 at the end of the most recent quarter. 36.37% of the stock is owned by institutional investors.
Separately, ValuEngine cut shares of PB Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
Shares of NASDAQ PBBI traded down $0.14 during midday trading on Monday, reaching $11.40. 1,100 shares of the company traded hands, compared to its average volume of 6,022. PB Bancorp has a 52 week low of $10.50 and a 52 week high of $12.10. The stock’s 50-day moving average is $11.52. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $84.15 million, a P/E ratio of 19.48 and a beta of 0.30.
PB Bancorp (NASDAQ:PBBI) last issued its quarterly earnings data on Tuesday, May 14th. The bank reported $0.13 earnings per share for the quarter. The business had revenue of $4.39 million for the quarter. PB Bancorp had a net margin of 20.09% and a return on equity of 5.01%.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, July 16th.
PB Bancorp Company Profile
PB Bancorp, Inc operates as the holding company of Putnam Bank that provides various banking products and services to individuals and small business customers primarily in Connecticut. It offers a range of deposits, including checking, savings, and money market deposit accounts, as well as negotiable order of withdrawal accounts and fixed-term certificates of deposit.
Read More: What are the benefits of momentum investing?
Receive News & Ratings for PB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.