Weiss Ratings Reiterates Sell (D-) Rating for First Seacoast Bancorp (NASDAQ:FSEA)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for First Seacoast Bancorp (NASDAQ:FSEA) due to its financial performance.
• First Seacoast Bancorp reported a loss of ($0.13) earnings per share in its latest earnings release, with a negative net margin of 9.05%.
• Polaris Capital Management recently increased its stake in the company by 28.2%, now owning approximately 1.92% of First Seacoast Bancorp's shares.

First Seacoast Bancorp (NASDAQ:FSEA - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

First Seacoast Bancorp Price Performance

First Seacoast Bancorp stock opened at $11.53 on Wednesday. First Seacoast Bancorp has a 1 year low of $8.98 and a 1 year high of $11.95. The firm has a 50 day moving average price of $11.51 and a 200 day moving average price of $11.31. The company has a market cap of $54.17 million, a price-to-earnings ratio of -20.22 and a beta of 0.18. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94.

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

Institutional Investors Weigh In On First Seacoast Bancorp

A hedge fund recently raised its stake in First Seacoast Bancorp stock. Polaris Capital Management LLC boosted its stake in First Seacoast Bancorp Inc. (NASDAQ:FSEA - Free Report) by 28.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,537 shares of the company's stock after purchasing an additional 19,900 shares during the quarter. Polaris Capital Management LLC owned about 1.92% of First Seacoast Bancorp worth $1,031,000 as of its most recent filing with the SEC. 38.38% of the stock is owned by institutional investors and hedge funds.

About First Seacoast Bancorp

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.

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