Monitor for any future change in the reporting person's stated passive intent, particularly if the company's earnings trajectory shifts or if the mutual holding company structure is later unwound. The recent Q3 2026 earnings improvement (net income up to $4.4M from $1.1M YoY) may reduce near-term pressure for structural changes.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK AT ENTRY AT T+1- T+0 · Nov 2 $10.91entry
- T+1 · yesterday 0.00%α −1.65% · $10.91
- T+2 · todayOpen
- T+5 · in 5d Pending
- T+20 · in 27d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Narragansett Financial Corp, the mutual holding company parent of BayCoast Bank, filed a Schedule 13D disclosing a 55.0% controlling stake in Narragansett Bancorp, Inc. following a two-tier mutual holding company reorganization effective November 2, 2026. The filing states no plans for any extraordinary corporate transaction, board changes, or other control-altering actions, making this a structural ownership filing rather than an activist campaign.
Key Financial Metrics
Key Facts
- Narragansett Financial Corp owns 11,638,000 shares of Narragansett Bancorp common stock, representing 55.0% of outstanding shares as of November 2, 2026.
- The shares were issued in connection with a reorganization of BayCoast Bank and Narragansett Financial Corp into a two-tier mutual holding company structure, effective November 2, 2026.
- No cash consideration was paid by the reporting person for the shares.
- The reporting person explicitly disclaims any current plans for a merger, sale of assets, board changes, dividend policy changes, delisting, or other extraordinary transactions.
- The filing is a passive majority ownership disclosure, not an activist campaign; no demands or proposals are made.
Financial Impact
55.0% controlling stake valued at the reorganization's book value; no cash consideration exchanged.
Risk Factors
- The controlling shareholder could later change its stated intent and pursue a merger, sale, or other transaction without prior notice.
- The two-tier mutual holding company structure may limit minority shareholder influence and liquidity.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D Filing (Primary) | 0000943374-26-000480 |
| Document: 0000943374-26-000480-index.html | 0000943374-26-000480 |
| Document: 0000943374-26-000480.txt | 0000943374-26-000480 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 4, 2026 today | 8-K | $11.00 | awaiting T+20 | awaiting T+20 | $10.91 (−0.82%) |
Nov 2, 2026 2d ago | SC 13D | $10.91 | awaiting T+20 | awaiting T+20 | $10.91 (−0.00%) |
Nov 2, 2026 2d ago | 3 | $10.80 | awaiting T+20 | awaiting T+20 | $10.91 (+1.02%) |
Nov 2, 2026 2d ago | 3 | $10.80 | awaiting T+20 | awaiting T+20 | $10.91 (+1.02%) |
Nov 2, 2026 2d ago | 3 | $10.80 | awaiting T+20 | awaiting T+20 | $10.91 (+1.02%) |
Nov 2, 2026 2d ago | 3 | $10.80 | awaiting T+20 | awaiting T+20 | $10.91 (+1.02%) |
Nov 2, 2026 2d ago | 3 | $10.80 | awaiting T+20 | awaiting T+20 | $10.91 (+1.02%) |
Nov 2, 2026 2d ago | 3 | $10.80 | awaiting T+20 | awaiting T+20 | $10.91 (+1.02%) |
Nov 2, 2026 2d ago | 3 | $10.80 | awaiting T+20 | awaiting T+20 | $10.91 (+1.02%) |
Nov 2, 2026 2d ago | 3 | $10.80 | awaiting T+20 | awaiting T+20 | $10.91 (+1.02%) |
US Market Status
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