First Seacoast Bancorp (NASDAQ:FSEA) Shares Up 0.9% - What's Next?

Key Points

• First Seacoast Bancorp's share price increased by 0.9%, closing at $11.31 after trading as high as $11.37, although trading volume was down by 67% compared to its average.
• The company reported a negative earnings per share (EPS) of ($0.13) for the last quarter, with revenues of $3.88 million and a negative return on equity of 4.02%.
• Renaissance Technologies LLC significantly increased its stake in the company by 80.7%, indicating growing institutional interest as 38.38% of the stock is now owned by institutional investors and hedge funds.

First Seacoast Bancorp Inc. (NASDAQ:FSEA - Get Free Report) rose 0.9% during trading on Tuesday . The stock traded as high as $11.37 and last traded at $11.31. Approximately 1,550 shares were traded during trading, a decline of 67% from the average daily volume of 4,658 shares. The stock had previously closed at $11.21.

First Seacoast Bancorp Stock Down 1.0%

The firm has a 50-day moving average of $11.32 and a 200 day moving average of $11.09. The company has a current ratio of 0.94, a quick ratio of 1.00 and a debt-to-equity ratio of 0.97.

First Seacoast Bancorp (NASDAQ:FSEA - Get Free Report) last issued its quarterly 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 for the quarter.

Institutional Trading of First Seacoast Bancorp

An institutional investor recently raised its position in First Seacoast Bancorp stock. Renaissance Technologies LLC lifted its position in shares of First Seacoast Bancorp Inc. (NASDAQ:FSEA - Free Report) by 80.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,032 shares of the company's stock after purchasing an additional 8,500 shares during the period. Renaissance Technologies LLC owned 0.40% of First Seacoast Bancorp worth $191,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 38.38% of the company's stock.

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.