Short Interest in Partners Bancorp (NASDAQ:PTRS) Increases By 17.8%

Partners Bancorp (NASDAQ:PTRS – Get Rating) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 15,900 shares, a growth of 17.8% from the January 31st total of 13,500 shares. Based on an average daily volume of 13,800 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the shares of the stock are sold short.

Partners Bancorp Stock Down 0.5 %

Shares of NASDAQ PTRS opened at $9.10 on Friday. Partners Bancorp has a 12-month low of $8.00 and a 12-month high of $9.99. The company has a market capitalization of $163.44 million, a PE ratio of 11.97 and a beta of 0.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50-day moving average is $8.97 and its two-hundred day moving average is $8.99.

Partners Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 8th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Tuesday, February 7th. Partners Bancorp’s dividend payout ratio is presently 21.05%.

Hedge Funds Weigh In On Partners Bancorp

A number of institutional investors have recently modified their holdings of the company. BHZ Capital Management LP acquired a new position in shares of Partners Bancorp in the fourth quarter valued at approximately $7,242,000. Alliancebernstein L.P. acquired a new position in shares of Partners Bancorp in the fourth quarter valued at approximately $4,731,000. Vanguard Group Inc. raised its position in shares of Partners Bancorp by 2.8% in the first quarter. Vanguard Group Inc. now owns 412,138 shares of the company’s stock valued at $3,796,000 after buying an additional 11,156 shares during the last quarter. Wealthspire Advisors LLC raised its position in shares of Partners Bancorp by 25.3% in the second quarter. Wealthspire Advisors LLC now owns 56,146 shares of the company’s stock valued at $507,000 after buying an additional 11,319 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Partners Bancorp by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 50,752 shares of the company’s stock valued at $449,000 after buying an additional 4,311 shares during the last quarter. Institutional investors and hedge funds own 12.14% of the company’s stock.

About Partners Bancorp

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Partners Bancorp is a bank holding company. The firm engages in the provision of financial services to individuals and corporate customers. It offers commercial banking operations in Maryland and Virginia. The company was founded on January 6, 1988 and is headquartered in Salisbury, MD.