First Resource Bancorp, Inc. (OTCMKTS:FRSB) Sees Significant Decrease in Short Interest

First Resource Bancorp, Inc. (OTCMKTS:FRSB) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 615 shares, a decline of 44.0% from the July 30th total of 1,099 shares. Based on an average daily trading volume, of 3,425 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

First Resource Bancorp Price Performance

OTCMKTS FRSB remained flat at $25.95 during trading hours on Friday. The stock has a 50 day simple moving average of $24.59 and a two-hundred day simple moving average of $22.59. First Resource Bancorp has a 12-month low of $16.75 and a 12-month high of $25.95. The firm has a market cap of $78.11 million, a PE ratio of 7.94 and a beta of 0.07.

First Resource Bancorp (OTCMKTS:FRSB) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. The business had revenue of $8.53 million for the quarter.

About First Resource Bancorp

First Resource Bancorp is a bank holding company headquartered in Hattiesburg, Mississippi, that operates through its primary subsidiary, First Resource Bank. As a community-oriented financial institution, the company focuses on delivering personalized banking solutions to individuals, families and businesses across its service area.

The company’s core offerings include a full suite of deposit products such as checking, savings and money market accounts, as well as certificates of deposit.