M3F Inc. Sells 3,641 Shares of Randolph Bancorp Inc (NASDAQ:RNDB)

M3F Inc. trimmed its holdings in shares of Randolph Bancorp Inc (NASDAQ:RNDB) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,034 shares of the financial services provider’s stock after selling 3,641 shares during the period. Randolph Bancorp accounts for approximately 1.7% of M3F Inc.’s holdings, making the stock its 25th largest holding. M3F Inc. owned approximately 2.25% of Randolph Bancorp worth $1,897,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Randolph Bancorp by 39.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 17,905 shares of the financial services provider’s stock valued at $301,000 after buying an additional 5,070 shares during the last quarter. BlackRock Inc. boosted its position in Randolph Bancorp by 23.7% in the 2nd quarter. BlackRock Inc. now owns 18,602 shares of the financial services provider’s stock valued at $312,000 after buying an additional 3,566 shares during the last quarter. Renaissance Technologies LLC boosted its position in Randolph Bancorp by 30.0% in the 2nd quarter. Renaissance Technologies LLC now owns 23,000 shares of the financial services provider’s stock valued at $386,000 after buying an additional 5,302 shares during the last quarter. Vanguard Group Inc boosted its position in 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 buying an additional 1,100 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. boosted its position in Randolph Bancorp by 8.7% in the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 519,330 shares of the financial services provider’s stock valued at $8,584,000 after buying an additional 41,683 shares during the last quarter. 34.40% of the stock is owned by hedge funds and other institutional investors.

In other news, insider James P. Mcdonough acquired 5,342 shares of the firm’s stock in a transaction on Thursday, December 13th. The shares were purchased at an average cost of $14.60 per share, for a total transaction of $77,993.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.67% of the stock is currently owned by company insiders.

Shares of RNDB opened at $15.30 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 1.01. Randolph Bancorp Inc has a 52 week low of $13.16 and a 52 week high of $17.45.

Separately, Compass Point lowered Randolph Bancorp from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 8th.

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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: Net Asset Value

Institutional Ownership by Quarter for Randolph Bancorp (NASDAQ:RNDB)

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