お知らせ • Oct 10
Nasdaq Files a Notification of Removal from Listing of Randolph Common Stock on Form 25 with the Securities and Exchange Commission Effective October 7, 2022, Randolph Bancorp, Inc. ("Randolph"), a Massachusetts corporation, completed its previously announced merger with Hometown Financial Group, Inc., a Massachusetts corporation ("Hometown"), pursuant to the Agreement and Plan of Merger, dated as of March 28, 2022, by and among Hometown Financial Group, MHC, a Massachusetts mutual holding company, Hometown, Hometown Financial Acquisition Corp., a Massachusetts corporation and wholly-owned subsidiary of Hometown ("Merger Sub"), and Randolph (the "Merger Agreement"). Pursuant to the Merger Agreement, Randolph merged with Merger Sub, with Randolph surviving, followed immediately by the merger of Randolph into Hometown, with Hometown surviving ("the Merger"). As a result of the Merger, Randolph no longer fulfills the listing requirements of the Nasdaq Stock Market ("Nasdaq"). On October 7, 2022, Randolph notified Nasdaq that trading in Randolph common stock should be suspended and the listing of Randolph common stock should be removed, in each case following the closing of the market on October 7, 2022. Nasdaq has filed a notification of removal from listing of Randolph common stock on Form 25 with the Securities and Exchange Commission ("the SEC") to deregister Randolph's common stock under Section 12 of the Securities Exchange Act of 1934, as amended ("the Exchange Act"). Hometown, as successor to Randolph, intends to file a Form 15 with the SEC to suspend Randolph's reporting obligations under Sections 13 and 15(d) of the Exchange Act. Reported Earnings • Jul 27
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: US$0.051 (down from US$0.32 in 2Q 2021). Revenue: US$7.57m (down 37% from 2Q 2021). Net income: US$248.0k (down 84% from 2Q 2021). Profit margin: 3.3% (down from 13% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 89%. Over the next year, revenue is expected to shrink by 35% compared to a 11% decline forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. お知らせ • Jun 26
Randolph Bancorp, Inc.(NasdaqGM:RNDB) dropped from Russell Microcap Value Index Randolph Bancorp, Inc.(NasdaqGM:RNDB) dropped from Russell Microcap Value Index Price Target Changed • Apr 27
Price target increased to US$27.00 Up from US$24.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$26.36. The company is forecast to post earnings per share of US$1.15 for next year compared to US$1.96 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: US$0.049 loss per share (down from US$0.81 profit in 1Q 2021). Revenue: US$7.39m (down 58% from 1Q 2021). Net loss: US$235.0k (down 106% from profit in 1Q 2021). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is expected to shrink by 43% compared to a 7.7% decline forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. お知らせ • Mar 30
Hometown Financial Group, Inc entered into a definitive merger agreement to acquire Randolph Bancorp, Inc. (NasdaqGM:RNDB) for approximately $140 million. Hometown Financial Group, Inc entered into a definitive merger agreement to acquire Randolph Bancorp, Inc. (NasdaqGM:RNDB) for approximately $140 million on March 28, 2022. Randolph shareholders will receive $27.00 in cash for each share of Randolph common stock. The total transaction value is approximately $146.5 million. If the Merger is not consummated under specified circumstances, including if Randolph terminates the Merger Agreement for a Superior Proposal, Randolph has agreed to pay Hometown a termination fee in the amount of $5.75 million. The Merger Agreement has been unanimously approved by the Boards of Directors of each of Hometown and Randolph. The merger is anticipated to close in the fourth quarter of 2022, subject to certain conditions, including the receipt of required regulatory approvals, Randolph’s shareholder approval, and other standard conditions. Piper Sandler & Co. acted as financial advisor to Hometown Financial Group, Inc. and Scott A. Brown and Kent M. Krudys of Luse Gorman, PC served as legal counsel. Keefe, Bruyette & Woods, A Stifel Company, acted as financial advisor and Fairness Opinion provider to Randolph Bancorp, Inc. and Samantha M. Kirby of Goodwin Procter LLP acted as legal counsel. 