A Director at Coastway Bancorp (NASDAQ: CWAY) is Buying Shares

By Carrie Williams

Today, a Director at Coastway Bancorp (NASDAQ: CWAY), Debra Paul, bought shares of CWAY for $9,930.

This recent transaction increases Debra Paul’s holding in the company by 37.6% to a total of $12.45K. Following Debra Paul’s last CWAY Buy transaction on March 17, 2016, the stock climbed by 0.7%.

Based on Coastway Bancorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $6.83 million and quarterly net profit of $946K. In comparison, last year the company earned revenue of $6.04 million and had a net profit of $346K. CWAY’s market cap is $60.08M and the company has a P/E ratio of 23.78. The company has a one year high of $14.01 and a one year low of $11.03.

The insider sentiment on Coastway Bancorp has been positive according to 24 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Coastway Bancorp, Inc. operates as a bank holding company. If provides financial services to individuals, families and businesses. It operates through the following segments: One-to-four family residential real estate, home equity loans, commercial loan, small business loan, and consumer loan. The One-to-four family residential real estate segment offers loans which collateralized by the owner-occupied residential real estate and repayment is dependent on the credit quality of the individual owner. The commercial loan segment offers commercial real estate, commercial and industrial loans for businesses and construction financing for business or properties located principally in Rhode Island. The Small Business Loan segment include commercial loans which include guaranteed and unguaranteed loans. The consumer segment refers to unsecured and vehicle loans and repayment dependent in the credit quality of the individual borrower. The company was founded in 2013 and is headquartered in Cranston, RI.