First Seacoast Bancorp (NASDAQ:FSEA) CFO Richard Donovan Buys 2,322 Shares

First Seacoast Bancorp Inc. (NASDAQ:FSEA) CFO Richard Donovan acquired 2,322 shares of First Seacoast Bancorp stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $12.23 per share, with a total value of $28,398.06. Following the completion of the purchase, the chief financial officer owned 5,325 shares in the company, valued at $65,124.75. This represents a 77.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

First Seacoast Bancorp Stock Performance

First Seacoast Bancorp stock traded down $0.22 during mid-day trading on Wednesday, reaching $12.20. 688 shares of the stock traded hands, compared to its average volume of 7,892. The business’s 50-day moving average is $11.74 and its 200-day moving average is $11.51. The stock has a market capitalization of $57.30 million, a PE ratio of -24.40 and a beta of 0.08. First Seacoast Bancorp Inc. has a 12-month low of $9.25 and a 12-month high of $13.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.94 and a quick ratio of 0.94.

First Seacoast Bancorp (NASDAQ:FSEA) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.08 EPS for the quarter. First Seacoast Bancorp had a negative return on equity of 3.50% and a negative net margin of 7.66%.The firm had revenue of $3.99 million for 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 increased its stake in shares of First Seacoast Bancorp Inc. (NASDAQ:FSEA) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,537 shares of the company’s stock after purchasing an additional 19,900 shares during the quarter. 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of First Seacoast Bancorp in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

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.