Raffles Associates LP Invests $779,000 in NSTS Bancorp, Inc. $NSTS

Raffles Associates LP bought a new position in shares of NSTS Bancorp, Inc. (NASDAQ:NSTS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,589 shares of the company’s stock, valued at approximately $779,000. NSTS Bancorp accounts for 0.7% of Raffles Associates LP’s holdings, making the stock its 29th biggest holding. Raffles Associates LP owned about 1.08% of NSTS Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC acquired a new position in NSTS Bancorp in the second quarter valued at $151,000. BlackRock Inc. acquired a new position in NSTS Bancorp during the second quarter valued at approximately $223,000. Renaissance Technologies LLC grew its stake in NSTS Bancorp by 21.5% during the fourth quarter. Renaissance Technologies LLC now owns 17,497 shares of the company’s stock worth $227,000 after buying an additional 3,097 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of NSTS Bancorp by 0.6% in the 3rd quarter. Alliancebernstein L.P. now owns 518,324 shares of the company’s stock valued at $5,981,000 after acquiring an additional 3,022 shares during the period. Institutional investors and hedge funds own 23.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of NSTS Bancorp in a report on Wednesday, July 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

NSTS Bancorp Price Performance

Shares of NASDAQ:NSTS opened at $14.00 on Wednesday. The business has a 50-day moving average of $13.81 and a two-hundred day moving average of $13.06. The stock has a market capitalization of $73.50 million, a P/E ratio of -1,400.00 and a beta of 0.22. NSTS Bancorp, Inc. has a fifty-two week low of $10.72 and a fifty-two week high of $14.04.

NSTS Bancorp (NASDAQ:NSTS) last announced its earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $2.32 million for the quarter. NSTS Bancorp had a negative return on equity of 0.05% and a negative net margin of 0.31%.

About NSTS Bancorp

NSTS Bancorp, Inc operates as a savings and loan holding company for North Shore Trust and Savings that provides banking products and services in Illinois. The company offers interest-bearing and noninterest-bearing checking, money market, savings, and time deposit accounts; and one- to four-family residential mortgage, multi-family and commercial real estate mortgage, construction, home equity, and consumer loans. It operates through full-service banking offices in Lake County, Illinois; and one loan production office in Chicago.