First Seacoast Bancorp Inc. (NASDAQ:FSEA) Sees Large Decline in Short Interest

First Seacoast Bancorp Inc. (NASDAQ:FSEA) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 4,593 shares, a decrease of 38.9% from the December 15th total of 7,514 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,733 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 4,733 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the shares of the stock are short sold.

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, Based on data from MarketBeat, the company has an average rating of “Sell”.

First Seacoast Bancorp Trading Up 0.3%

Shares of NASDAQ FSEA traded up $0.04 during mid-day trading on Friday, reaching $12.86. 3,860 shares of the company’s stock were exchanged, compared to its average volume of 3,277. The company’s 50-day moving average is $12.38 and its 200-day moving average is $11.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $60.44 million, a price-to-earnings ratio of -25.72 and a beta of 0.08. First Seacoast Bancorp has a 52-week low of $9.81 and a 52-week high of $15.00.

First Seacoast Bancorp (NASDAQ:FSEA) last posted its earnings results on Friday, November 14th. The company reported $0.08 EPS for the quarter. The company had revenue of $3.99 million for the quarter. First Seacoast Bancorp had a negative net margin of 7.66% and a negative return on equity of 3.50%.

Insider Buying and Selling at First Seacoast Bancorp

In other First Seacoast Bancorp news, CFO Richard M. Donovan purchased 2,322 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average cost 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 approximately $65,124.75. This represents a 77.32% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 7.82% of the company’s stock.

Institutional Investors Weigh In On First Seacoast Bancorp

An institutional investor recently raised its position in First Seacoast Bancorp stock. Polaris Capital Management LLC boosted its holdings in First Seacoast Bancorp Inc. (NASDAQ:FSEA) by 28.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,537 shares of the company’s stock after buying an additional 19,900 shares during the quarter. Polaris Capital Management LLC owned approximately 1.92% of First Seacoast Bancorp worth $1,031,000 at the end of the most recent quarter. Institutional investors and hedge funds own 38.38% of the company’s stock.

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.