PB Bancorp Inc (PBBI) Stake Raised by Seizert Capital Partners LLC
Seizert Capital Partners LLC increased its stake in PB Bancorp Inc (NASDAQ:PBBI) by 45.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,782 shares of the bank’s stock after buying an additional 19,344 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.81% of PB Bancorp worth $726,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M3F Inc. lifted its holdings in PB Bancorp by 7.7% during the 2nd quarter. M3F Inc. now owns 572,378 shares of the bank’s stock valued at $6,496,000 after purchasing an additional 41,155 shares during the last quarter. Maltese Capital Management LLC lifted its holdings in PB Bancorp by 2.8% during the 2nd quarter. Maltese Capital Management LLC now owns 309,854 shares of the bank’s stock valued at $3,517,000 after purchasing an additional 8,424 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in PB Bancorp by 48.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,882 shares of the bank’s stock valued at $441,000 after purchasing an additional 12,703 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in PB Bancorp by 64.7% during the 2nd quarter. Renaissance Technologies LLC now owns 26,183 shares of the bank’s stock valued at $297,000 after purchasing an additional 10,283 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in PB Bancorp by 1,083.7% during the 2nd quarter. BlackRock Inc. now owns 22,147 shares of the bank’s stock valued at $251,000 after purchasing an additional 20,276 shares during the last quarter. 34.49% of the stock is owned by institutional investors.
Shares of PB Bancorp stock opened at $11.02 on Wednesday. The firm has a market cap of $84.01 million, a price-to-earnings ratio of 25.63 and a beta of 0.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.99. PB Bancorp Inc has a 1 year low of $10.25 and a 1 year high of $12.20.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Wednesday, October 31st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Tuesday, October 30th. This is a positive change from PB Bancorp’s previous quarterly dividend of $0.06.
PB Bancorp 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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