PB Bancorp, Inc. (PBBI) Increases Dividend to $0.05 Per Share
PB Bancorp, Inc. (NASDAQ:PBBI) announced a quarterly dividend on Friday, October 6th, Wall Street Journal reports. Investors of record on Wednesday, October 18th will be given a dividend of 0.05 per share by the bank on Wednesday, November 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Tuesday, October 17th. This is a positive change from PB Bancorp’s previous quarterly dividend of $0.04.
Shares of PB Bancorp (NASDAQ PBBI) traded down 0.92% on Friday, reaching $10.80. 457 shares of the company traded hands. PB Bancorp has a 1-year low of $8.64 and a 1-year high of $11.10. The stock has a 50-day moving average price of $10.44 and a 200 day moving average price of $10.39. The firm has a market capitalization of $79.95 million, a P/E ratio of 34.84 and a beta of 0.36.
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A hedge fund recently raised its stake in PB Bancorp stock. Vanguard Group Inc. grew its holdings in PB Bancorp, Inc. (NASDAQ:PBBI) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,585 shares of the bank’s stock after purchasing an additional 800 shares during the quarter. Vanguard Group Inc. owned approximately 1.38% of PB Bancorp worth $1,088,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 41.51% of the company’s stock.
PB Bancorp Company Profile
PB Bancorp Inc is a bank holding company. The company was founded in September 2015 and is located in Putnam, Connecticut.
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