Short Interest in First Seacoast Bancorp Inc. (NASDAQ:FSEA) Declines By 38.9%
by Teresa Graham · The Cerbat GemFirst Seacoast Bancorp Inc. (NASDAQ:FSEA – Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 4,593 shares, a drop of 38.9% from the December 15th total of 7,514 shares. Based on an average daily volume of 4,733 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 4,733 shares, the short-interest ratio is presently 1.0 days.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of First Seacoast Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, First Seacoast Bancorp presently has an average rating of “Sell”.
Check Out Our Latest Research Report on FSEA
First Seacoast Bancorp Trading Up 0.3%
Shares of NASDAQ FSEA traded up $0.04 during midday trading on Friday, reaching $12.86. 3,860 shares of the stock were exchanged, compared to its average volume of 3,277. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.94 and a quick ratio of 0.94. First Seacoast Bancorp has a 12 month low of $9.81 and a 12 month high of $15.00. The business has a 50-day simple moving average of $12.38 and a two-hundred day simple moving average of $11.79. The company has a market capitalization of $60.44 million, a price-to-earnings ratio of -25.72 and a beta of 0.08.
First Seacoast Bancorp (NASDAQ:FSEA – Get Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported $0.08 earnings per share for the quarter. First Seacoast Bancorp had a negative return on equity of 3.50% and a negative net margin of 7.66%.The firm had revenue of $3.99 million during the quarter.
Insider Activity at First Seacoast Bancorp
In other First Seacoast Bancorp news, CFO Richard M. Donovan purchased 2,322 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were bought at an average price of $12.23 per share, with a total value of $28,398.06. Following the completion of the acquisition, the chief financial officer owned 5,325 shares in the company, valued at approximately $65,124.75. This represents a 77.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.82% of the company’s stock.
Hedge Funds Weigh In On First Seacoast Bancorp
A hedge fund recently raised its stake in First Seacoast Bancorp stock. Polaris Capital Management LLC grew its position in shares of First Seacoast Bancorp Inc. (NASDAQ:FSEA – Free Report) by 28.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,537 shares of the company’s stock after acquiring an additional 19,900 shares during the quarter. Polaris Capital Management LLC owned 1.92% of First Seacoast Bancorp worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 38.38% of the stock is owned by institutional investors.
First Seacoast Bancorp Company Profile
First Seacoast Bancorp is the bank holding company for First Seacoast Bank, a regional financial institution headquartered in Dover, New Hampshire. The company provides a comprehensive range of banking products and services designed to meet the needs of individuals, families and businesses. Through its community-focused approach, First Seacoast Bancorp emphasizes personalized customer service and local decision-making.
The company’s retail offerings include deposit accounts such as checking, savings, money market and certificate of deposit products, along with consumer lending solutions including residential mortgages, home equity lines of credit and vehicle financing.