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) was up 0.1% on Wednesday . The company traded as high as $11.48 and last traded at $11.54. Approximately 2,288 shares traded hands 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 Stock Performance

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 stock has a fifty day simple moving average of $11.41 and a two-hundred day simple moving average of $11.22. The stock has a market capitalization of $55.55 million, a price-to-earnings ratio of -20.74 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 firm had revenue of $3.88 million during the quarter.

Institutional Inflows and Outflows

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% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,537 shares of the company's stock after purchasing an additional 19,900 shares during the period. Polaris Capital Management LLC owned approximately 1.92% of First Seacoast Bancorp worth $1,031,000 at the end of the most recent quarter. 38.38% of the stock is owned by 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.