First Seacoast Bancorp (NASDAQ:FSEA) Trading 0.4% Higher - Here's Why

Key Points

• First Seacoast Bancorp shares rose 0.4% to $17.18, with trading volume up 262% from the average session level.
• Weiss Ratings upgraded the stock from “hold (c-)” to “hold (c),” while the sole analyst covering the company maintains a consensus “Hold” rating.
• The company reported quarterly EPS of $0.05 and revenue of $4.14 million; institutional investors own 38.38% of outstanding shares.

First Seacoast Bancorp Inc. (NASDAQ:FSEA - Get Free Report)'s stock price traded up 0.4% during trading on Friday . The stock traded as high as $17.20 and last traded at $17.18. Approximately 12,909 shares were traded during trading, an increase of 262% from the average session volume of 3,570 shares. The stock had previously closed at $17.12.

Wall Street Analyst Weigh In

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

First Seacoast Bancorp Trading Up 0.4%

The firm has a market capitalization of $80.75 million, a P/E ratio of -429.50 and a beta of 0.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $16.98 and a 200-day moving average price of $15.13.

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

Institutional Trading of First Seacoast Bancorp

Several institutional investors have recently made changes to their positions in FSEA. Flywheel Private Wealth LLC bought a new stake in First Seacoast Bancorp in the first quarter valued at about $629,000. Pallas Capital Advisors LLC bought a new position in First Seacoast Bancorp during the second quarter worth about $325,000. PenderFund Capital Management Ltd. bought a new position in First Seacoast Bancorp during the second quarter worth about $300,000. Susquehanna International Group LLP acquired a new stake in First Seacoast Bancorp during the second quarter valued at approximately $226,000. Finally, BlackRock Inc. bought a new stake in shares of First Seacoast Bancorp in the 2nd quarter valued at approximately $211,000. 38.38% of the stock is currently owned by institutional investors and hedge funds.

First Seacoast Bancorp Company Profile

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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