The Manufacturers Life Insurance Company Has $3.27 Million Stake in Coastway Bancorp, Inc. (CWAY)
The Manufacturers Life Insurance Company raised its stake in shares of Coastway Bancorp, Inc. (NASDAQ:CWAY) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,452 shares of the bank’s stock after acquiring an additional 6,198 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 3.94% of Coastway Bancorp worth $3,269,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CWAY. Seidman Lawrence B boosted its stake in Coastway Bancorp by 29.8% during the 2nd quarter. Seidman Lawrence B now owns 80,449 shares of the bank’s stock valued at $1,649,000 after acquiring an additional 18,449 shares during the last quarter. Spark Investment Management LLC bought a new position in Coastway Bancorp during the 2nd quarter valued at $270,000. Vanguard Group Inc. boosted its stake in Coastway Bancorp by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 84,726 shares of the bank’s stock valued at $1,745,000 after acquiring an additional 4,141 shares during the last quarter. Finally, Seizert Capital Partners LLC boosted its stake in Coastway Bancorp by 4.9% during the 2nd quarter. Seizert Capital Partners LLC now owns 44,564 shares of the bank’s stock valued at $914,000 after acquiring an additional 2,095 shares during the last quarter. Hedge funds and other institutional investors own 33.46% of the company’s stock.
Coastway Bancorp Company Profile
Coastway Bancorp, Inc is a bank holding company for Coastway Community Bank (the Bank), which is a chartered stock savings bank. The Company’s subsidiary, the Bank, provides a range of financial services to individuals, families and businesses throughout Rhode Island from over nine banking offices. The Bank’s principal business consists of retail deposits from the general public in its market area and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential real estate loans, other loans, home equity loans and lines of credit, commercial real estate loans, the United States small business administration (SBA) loans, commercial business loans, commercial construction loans and consumer loans.
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