Is Buying PB Bancorp Inc (NASDAQ:PBBI) Here Good Idea?

August 9, 2018 - By Ash Maslow

PB Bancorp, Inc. (NASDAQ:PBBI) Logo

The stock of PB Bancorp Inc (NASDAQ:PBBI) registered a decrease of 13.16% in short interest. PBBI’s total short interest was 6,600 shares in August as published by FINRA. Its down 13.16% from 7,600 shares, reported previously. With 2,200 shares average volume, it will take short sellers 3 days to cover their PBBI’s short positions. The short interest to PB Bancorp Inc’s float is 0.1%.

It closed at $11.8 lastly. It is down 1.92% since August 9, 2017 and is uptrending. It has underperformed by 10.65% the S&P500.

PB Bancorp, Inc. operates as the holding firm of Putnam Bank that provides various banking services and products to individuals and small business clients primarily in Connecticut. The company has market cap of $85.17 million. 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. It has a 29.8 P/E ratio. The companyÂ’s loan portfolio comprises residential real estate loans, including one-to four-family mortgage loans, residential construction loans, second mortgage loans, and home equity lines of credit; commercial real estate loans comprising multi-family real estate loans; commercial loans, such as term loans and revolving lines of credit; and consumer and other loans, such as loans on new and used automobiles, loans secured by deposit accounts, and unsecured personal loans.

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