First Seacoast Bancorp (NASDAQ:FSEA) Stock Price Down 0.3% - Here's What Happened

Key Points

• First Seacoast Bancorp (NASDAQ:FSEA) shares declined by 0.3%, trading at $11.59 after reaching a low of $11.50 with a significant trading volume increase of 814%.
• The company reported a quarterly EPS of ($0.13) and $3.88 million in revenue, alongside negative financial metrics including a 9.05% net margin and 4.02% return on equity.
• Polaris Capital Management LLC has increased its stake in First Seacoast Bancorp by 28.2%, now holding approximately 1.92% of the company's shares, indicating continued interest from institutional investors.

First Seacoast Bancorp Inc. (NASDAQ:FSEA - Get Free Report) shares traded down 0.3% on Thursday . The stock traded as low as $11.50 and last traded at $11.59. 23,950 shares changed hands during trading, an increase of 814% from the average session volume of 2,619 shares. The stock had previously closed at $11.63.

First Seacoast Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $54.48 million, a price-to-earnings ratio of -20.34 and a beta of 0.10. The stock's 50-day moving average is $11.49 and its 200 day moving average is $11.28.

First Seacoast Bancorp (NASDAQ:FSEA - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $3.88 million during the quarter. First Seacoast Bancorp had a negative net margin of 9.05% and a negative return on equity of 4.02%.

Institutional Investors Weigh In On First Seacoast Bancorp

An institutional investor recently raised its position in First Seacoast Bancorp stock. Polaris Capital Management LLC boosted its position in First Seacoast Bancorp Inc. (NASDAQ:FSEA - Free Report) by 28.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,537 shares of the company's stock after purchasing an additional 19,900 shares during the period. Polaris Capital Management LLC owned about 1.92% of First Seacoast Bancorp worth $1,031,000 as of its most recent filing with the Securities & Exchange Commission. 38.38% of the stock is owned by hedge funds and other institutional investors.

First Seacoast Bancorp Company Profile

First Seacoast Bancorp, Inc operates as the holding company for First Seacoast Bank that provides commercial and consumer banking services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts, as well as time deposits.

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