PB Bancorp Inc (NASDAQ:PBBI) Sees Large Decline in Short Interest

PB Bancorp Inc (NASDAQ:PBBI) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 1,300 shares, a drop of 43.5% from the June 30th total of 2,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is currently 0.3 days.

Shares of NASDAQ:PBBI traded up $0.10 during midday trading on Tuesday, hitting $11.50. The company’s stock had a trading volume of 153 shares, compared to its average volume of 8,560. The business’s 50 day moving average is $11.52. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $85.68 million, a P/E ratio of 19.90 and a beta of 0.30. PB Bancorp has a 12-month low of $10.50 and a 12-month high of $12.10.

PB Bancorp (NASDAQ:PBBI) last issued its earnings results on Tuesday, May 14th. The bank reported $0.13 EPS for the quarter. PB Bancorp had a net margin of 20.09% and a return on equity of 5.01%. The company had revenue of $4.39 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, July 16th.

Separately, ValuEngine downgraded shares of PB Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

An institutional investor recently raised its position in PB Bancorp stock. Commonwealth Equity Services LLC boosted its position in shares of PB Bancorp Inc (NASDAQ:PBBI) by 1,457.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,707 shares of the bank’s stock after purchasing 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. 36.31% of the stock is currently owned by institutional investors.

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.

See Also: Short Selling

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