Randolph Bancorp (NASDAQ:RNDB) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Randolph Bancorp (NASDAQ:RNDB) from a sell rating to a hold rating in a report published on Thursday, ValuEngine reports.

RNDB traded up $0.13 during trading on Thursday, reaching $15.88. The company had a trading volume of 4,857 shares, compared to its average volume of 14,253. The firm’s 50-day simple moving average is $16.90 and its 200 day simple moving average is $15.71. The company has a market cap of $89.44 million, a price-to-earnings ratio of 36.09 and a beta of 0.47. Randolph Bancorp has a 12-month low of $14.12 and a 12-month high of $18.34. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.15.

A number of institutional investors and hedge funds have recently modified their holdings of RNDB. BlackRock Inc. increased its stake in Randolph Bancorp by 11.5% in the 2nd quarter. BlackRock Inc. now owns 41,731 shares of the financial services provider’s stock worth $630,000 after purchasing an additional 4,316 shares in the last quarter. Acadian Asset Management LLC increased its stake in Randolph Bancorp by 7.6% in the 4th quarter. Acadian Asset Management LLC now owns 10,048 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 709 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Randolph Bancorp during the 4th quarter valued at about $499,000. 34.17% of the stock is currently owned by hedge funds and other 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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