Coastway Bancorp (CWAY) Rating Increased to Buy at ValuEngine

Coastway Bancorp (NASDAQ:CWAY) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Shares of CWAY stock traded up $0.05 on Monday, reaching $27.30. 33,447 shares of the stock were exchanged, compared to its average volume of 32,584. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.38 and a current ratio of 1.40. Coastway Bancorp has a 1-year low of $17.45 and a 1-year high of $27.60.

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Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Coastway Bancorp by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 84,726 shares of the bank’s stock valued at $1,745,000 after purchasing an additional 4,141 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Coastway Bancorp during the third quarter worth about $315,000. FNY Partners Fund LP bought a new position in shares of Coastway Bancorp during the fourth quarter worth about $137,000. Seidman Lawrence B lifted its position in shares of Coastway Bancorp by 61.9% during the fourth quarter. Seidman Lawrence B now owns 214,904 shares of the bank’s stock worth $4,556,000 after purchasing an additional 82,185 shares during the last quarter. Finally, Salzhauer Michael bought a new position in shares of Coastway Bancorp during the fourth quarter worth about $212,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

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Coastway Bancorp Company Profile

Coastway Bancorp, Inc operates as the bank holding company for Coastway Community Bank that provides various financial services to individuals, families, and businesses in Rhode Island. The company's deposit products include certificate of deposit, savings, non-interest-bearing demand deposit, money market, and club accounts.

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