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First Seacoast Bancorp (NASDAQ:FSEA) Trading Up 0.9% - Here's Why

First Seacoast Bancorp logo with Finance background

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.
  • Interested in First Seacoast Bancorp? Here are five stocks we like better.

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

First Seacoast Bancorp Stock Performance

The company has a quick ratio of 1.00, a current ratio of 0.94 and a debt-to-equity ratio of 0.97. The stock has a 50 day simple moving average of $11.32 and a two-hundred day simple moving average of $11.11. The stock has a market capitalization of $53.13 million, a P/E ratio of -19.82 and a beta of 0.10.

First Seacoast Bancorp (NASDAQ:FSEA - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported ($0.13) earnings per share for the quarter. The company 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 Trading of First Seacoast Bancorp

An institutional investor recently raised its position in First Seacoast Bancorp stock. Polaris Capital Management LLC grew its holdings 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 fund owned 90,537 shares of the company's stock after buying an additional 19,900 shares during the period. Polaris Capital Management LLC owned 1.92% of First Seacoast Bancorp worth $1,031,000 at the end of the most recent quarter. 38.38% of the stock is currently owned by hedge funds and other institutional investors.

First Seacoast Bancorp Company Profile

(Get Free Report)

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.

See Also

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