Randolph Bancorp Inc (NASDAQ:RNDB) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 4,900 shares, a drop of 41.7% from the August 15th total of 8,400 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 15,600 shares, the days-to-cover ratio is presently 0.3 days.

RNDB stock traded up $0.02 during trading hours on Wednesday, reaching $12.00. The stock had a trading volume of 26,628 shares, compared to its average volume of 16,550. The stock has a market capitalization of $65.74 million, a PE ratio of 9.76 and a beta of 0.92. The stock has a 50-day simple moving average of $11.13 and a 200 day simple moving average of $10.32. Randolph Bancorp has a fifty-two week low of $7.92 and a fifty-two week high of $18.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.17 and a quick ratio of 1.06.

Randolph Bancorp (NASDAQ:RNDB) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.79. The company had revenue of $18.23 million for the quarter. Randolph Bancorp had a net margin of 11.09% and a return on equity of 10.07%.

RNDB has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Randolph Bancorp from a “d+” rating to a “c” rating in a research note on Tuesday, July 28th. ValuEngine cut shares of Randolph Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd.

Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. bought a new position in shares of Randolph Bancorp in the first quarter valued at about $29,000. Acadian Asset Management LLC increased its position in Randolph Bancorp by 14.2% during the first quarter. Acadian Asset Management LLC now owns 11,471 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 1,423 shares during the period. M3F Inc. increased its position in Randolph Bancorp by 124.3% during the first quarter. M3F Inc. now owns 289,751 shares of the financial services provider’s stock worth $2,779,000 after acquiring an additional 160,593 shares during the period. Finally, Alliancebernstein L.P. increased its position in Randolph Bancorp by 9.5% during the first quarter. Alliancebernstein L.P. now owns 328,483 shares of the financial services provider’s stock worth $3,150,000 after acquiring an additional 28,600 shares during the period. 33.12% of the stock is currently owned by institutional investors.

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.

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