First Resource Bancorp (OTCMKTS:FRSB) Stock Passes Above Fifty Day Moving Average - Here's Why

Key Points

• First Resource Bancorp's stock surpassed its 50-day moving average of $17.15, trading as high as $17.88 during recent market activity.
• The company reported earnings per share (EPS) of $0.63 and revenue of $6.31 million for the last quarter.
• With a market capitalization of $53.55 million and a low P/E ratio of 8.67, First Resource Bancorp is positioned as a potential value stock in the financial sector.

First Resource Bancorp, Inc. (OTCMKTS:FRSB - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.15 and traded as high as $17.88. First Resource Bancorp shares last traded at $17.85, with a volume of 1,200 shares traded.

First Resource Bancorp Price Performance

The company has a fifty day moving average of $17.15 and a 200-day moving average of $15.93. The firm has a market cap of $53.55 million, a P/E ratio of 8.67 and a beta of 0.13.

First Resource Bancorp (OTCMKTS:FRSB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter. The company had revenue of $6.31 million for the quarter.

First Resource Bancorp Company Profile

First Resource Bancorp, Inc operates as the bank holding for First Resource Bank that provides personal and business banking products and services to businesses and families primarily in the southeastern area of Pennsylvania. The company's offers savings, checking, and money market accounts, as well as certificate deposit account registry services, insured cash sweeps, certificates of deposit, and IRAs.

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