PB Bancorp (NASDAQ:PBBI) Upgraded at ValuEngine

ValuEngine upgraded shares of PB Bancorp (NASDAQ:PBBI) from a strong sell rating to a sell rating in a report issued on Thursday morning, ValuEngine reports.

Shares of PBBI traded down $0.03 during midday trading on Thursday, hitting $14.32. 48,400 shares of the stock were exchanged, compared to its average volume of 22,914. PB Bancorp has a 52-week low of $10.86 and a 52-week high of $15.22. The stock has a fifty day simple moving average of $14.75 and a 200 day simple moving average of $14.39. The firm has a market cap of $106.87 million, a P/E ratio of 27.54 and a beta of 0.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07.

PB Bancorp (NASDAQ:PBBI) last released its earnings results on Wednesday, February 12th. The bank reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $4.40 million during the quarter. PB Bancorp had a return on equity of 4.33% and a net margin of 16.91%.

Large investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC purchased a new position in PB Bancorp in the fourth quarter valued at $1,314,000. Chicago Capital Management LLC acquired a new stake in PB Bancorp in the fourth quarter valued at $3,614,000. Beryl Capital Management LLC acquired a new stake in PB Bancorp in the fourth quarter valued at $1,575,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in PB Bancorp in the fourth quarter valued at $606,000. Finally, Geode Capital Management LLC raised its stake in PB Bancorp by 97.8% in the fourth quarter. Geode Capital Management LLC now owns 23,587 shares of the bank’s stock valued at $357,000 after buying an additional 11,662 shares in the last quarter. Hedge funds and other institutional investors own 36.82% of the company’s stock.

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.

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

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