First Seacoast Bancorp (NASDAQ:FSEA) Stock Price Up 0.1% - Here's What Happened

Key Points

• First Seacoast Bancorp's stock price increased by 0.1% to $11.54, with a trading volume of approximately 2,288 shares, significantly lower than its average daily volume.
• The company reported a negative EPS of ($0.13) for the most recent quarter, along with a negative net margin of 9.05% and a return on equity of -4.02%.
• Polaris Capital Management LLC raised its stake by 28.2% in First Seacoast Bancorp, now holding about 1.92% of the company, which indicates increased institutional interest.

First Seacoast Bancorp Inc. (NASDAQ:FSEA - Get Free Report) rose 0.1% during trading on Wednesday . The stock traded as high as $11.48 and last traded at $11.54. Approximately 2,288 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 4,248 shares. The stock had previously closed at $11.52.

First Seacoast Bancorp Price Performance

The company's fifty day moving average price is $11.40 and its 200 day moving average price is $11.21. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $54.24 million, a price-to-earnings ratio of -20.24 and a beta of 0.10.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position 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% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,537 shares of the company's stock after acquiring an additional 19,900 shares during the quarter. Polaris Capital Management LLC owned about 1.92% of First Seacoast Bancorp worth $1,031,000 as of its most recent filing with the SEC. 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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