First Seacoast Bancorp Inc. (NASDAQ:FSEA) Short Interest Up 63.0% in August

First Seacoast Bancorp Inc. (NASDAQ:FSEA) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 13,600 shares, a growth of 63.0% from the July 30th total of 8,343 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 3,924 shares, the days-to-cover ratio is presently 3.5 days.

First Seacoast Bancorp Stock Up 0.1%

NASDAQ:FSEA traded up $0.01 on Monday, hitting $17.19. 5,214 shares of the company’s stock were exchanged, compared to its average volume of 18,321. The company has a market cap of $80.79 million, a P/E ratio of -429.75 and a beta of 0.16. First Seacoast Bancorp has a 52 week low of $11.07 and a 52 week high of $17.21. The firm has a 50-day moving average price of $16.98 and a 200-day moving average price of $15.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.94 and a quick ratio of 0.94.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On First Seacoast Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FSEA. Flywheel Private Wealth LLC bought a new stake in First Seacoast Bancorp in the 1st quarter valued at $629,000. Pallas Capital Advisors LLC bought a new position in First Seacoast Bancorp during the 2nd quarter worth $325,000. PenderFund Capital Management Ltd. bought a new position in First Seacoast Bancorp during the 2nd quarter worth $300,000. Susquehanna International Group LLP acquired a new stake in shares of First Seacoast Bancorp during the second quarter worth $226,000. Finally, BlackRock Inc. acquired a new position in shares of First Seacoast Bancorp in the second quarter valued at about $211,000. Institutional investors and hedge funds own 38.38% of the company’s stock.

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.