First Seacoast Bancorp Inc. (NASDAQ:FSEA) Sees Significant Drop in Short Interest

First Seacoast Bancorp Inc. (NASDAQ:FSEA) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 9,535 shares, a drop of 35.8% from the September 15th total of 14,860 shares. Based on an average daily trading volume, of 12,463 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings raised First Seacoast Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Flywheel Private Wealth LLC purchased a new stake in shares of First Seacoast Bancorp during the 1st quarter worth approximately $629,000. Longfellow Investment Management Co. LLC bought a new stake in shares of First Seacoast Bancorp in the 2nd quarter worth approximately $153,000. Susquehanna International Group LLP purchased a new position in First Seacoast Bancorp in the second quarter valued at approximately $226,000. BlackRock Inc. purchased a new position in First Seacoast Bancorp in the second quarter valued at approximately $211,000. Finally, PenderFund Capital Management Ltd. purchased a new position in First Seacoast Bancorp in the second quarter valued at approximately $300,000. 38.38% of the stock is owned by institutional investors.

First Seacoast Bancorp Stock Performance

Shares of First Seacoast Bancorp stock opened at $17.25 on Friday. First Seacoast Bancorp has a 1 year low of $11.07 and a 1 year high of $17.25. The firm has a market cap of $81.14 million, a PE ratio of -431.25 and a beta of 0.16. The stock has a fifty day moving average price of $17.18 and a 200-day moving average price of $16.15. 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 issued its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share for the quarter. The company 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%.

First Seacoast Bancorp Company Profile

First Seacoast Bancorp, Inc is the bank holding company for First Seacoast Bank, a community-oriented financial institution headquartered in Dover, New Hampshire. The bank serves individuals, families, and businesses in the Seacoast region of New Hampshire and southern Maine through branch locations and digital banking services.

First Seacoast Bank provides a range of banking products, including checking and savings accounts, certificates of deposit, residential mortgage loans, home equity financing, commercial real estate loans, commercial and industrial lending, and consumer loans.