First Seacoast Bancorp (NASDAQ:FSEA) Director Acquires $13,764.00 in Stock

Key Points

• Mark Boulanger, a director at First Seacoast Bancorp, acquired 1,200 shares of the company's stock for $13,764, increasing his total holdings to 6,501 shares.
• Following a recent earnings report showing ($0.13) EPS and revenue of $3.88 million, First Seacoast Bancorp has seen a negative return on equity of 4.02%.
• Renaissance Technologies LLC increased its stake in First Seacoast Bancorp by 80.7%, owning approximately 0.40% of the company after acquiring an additional 8,500 shares.

First Seacoast Bancorp Inc. (NASDAQ:FSEA - Get Free Report) Director Mark P. Boulanger bought 1,200 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was bought at an average cost of $11.47 per share, for a total transaction of $13,764.00. Following the acquisition, the director directly owned 6,501 shares of the company's stock, valued at approximately $74,566.47. This represents a 22.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

First Seacoast Bancorp Price Performance

Shares of FSEA stock traded down $0.02 during mid-day trading on Monday, hitting $11.66. The company had a trading volume of 3,922 shares, compared to its average volume of 9,033. First Seacoast Bancorp Inc. has a 52-week low of $8.90 and a 52-week high of $11.95. The stock's 50 day moving average price is $11.41 and its 200-day moving average price is $11.22. 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 company has a market capitalization of $54.80 million, a P/E ratio of -20.46 and a beta of 0.10.

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

Hedge Funds Weigh In On First Seacoast Bancorp

An institutional investor recently raised its position in First Seacoast Bancorp stock. Polaris Capital Management LLC lifted its stake in First Seacoast Bancorp Inc. (NASDAQ:FSEA - Free Report) by 28.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,537 shares of the company's stock after buying an additional 19,900 shares during the quarter. Polaris Capital Management LLC owned approximately 1.92% of First Seacoast Bancorp worth $1,031,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.