First Seacoast Bancorp Inc. (NASDAQ:FSEA) Short Interest Up 63.0% in August

Key Points

• Short interest surged 63% in August to 13,600 shares, representing 0.3% of First Seacoast Bancorp’s outstanding shares and 3.5 days of average trading volume.
• FSEA shares rose 0.1% to $17.19, near the company’s 52-week high of $17.21. The company reported quarterly EPS of $0.05 on $4.14 million in revenue, though net margin and return on equity remained very low.
• Institutional ownership stands at 38.38% following new positions from several investment firms, while Weiss Ratings upgraded the stock to “hold (c)” and the overall analyst consensus remains “Hold.”

First Seacoast Bancorp Inc. (NASDAQ:FSEA - Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 13,600 shares, an increase of 63.0% from the July 30th total of 8,343 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,924 shares, the short-interest ratio is currently 3.5 days.

First Seacoast Bancorp Trading Up 0.1%

Shares of FSEA traded up $0.01 during trading hours on Monday, hitting $17.19. 5,214 shares of the stock traded hands, compared to its average volume of 18,321. The business has a fifty day moving average of $16.98 and a 200-day moving average of $15.14. The firm has a market capitalization of $80.79 million, a PE ratio of -429.75 and a beta of 0.16. First Seacoast Bancorp has a 1-year low of $11.07 and a 1-year high of $17.21. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.70.

First Seacoast Bancorp (NASDAQ:FSEA - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.05 EPS for the quarter. First Seacoast Bancorp had a net margin of 0.15% and a return on equity of 0.07%. The company had revenue of $4.14 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flywheel Private Wealth LLC bought a new stake in shares of First Seacoast Bancorp in the 1st quarter valued at about $629,000. Susquehanna International Group LLP acquired a new position in First Seacoast Bancorp during the second quarter valued at approximately $226,000. PenderFund Capital Management Ltd. acquired a new position in First Seacoast Bancorp during the second quarter valued at approximately $300,000. BlackRock Inc. bought a new stake in First Seacoast Bancorp in the second quarter valued at approximately $211,000. Finally, Pallas Capital Advisors LLC bought a new stake in First Seacoast Bancorp in the second quarter valued at approximately $325,000. 38.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of First Seacoast Bancorp from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

About First Seacoast Bancorp

First Seacoast Bancorp is the bank holding company for First Seacoast Bank, a regional financial institution headquartered in Dover, New Hampshire. The company provides a comprehensive range of banking products and services designed to meet the needs of individuals, families and businesses. Through its community-focused approach, First Seacoast Bancorp emphasizes personalized customer service and local decision-making.

The company's retail offerings include deposit accounts such as checking, savings, money market and certificate of deposit products, along with consumer lending solutions including residential mortgages, home equity lines of credit and vehicle financing.

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