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

First Seacoast Bancorp Inc. (NASDAQ:FSEA) was the target of a large growth in short interest during 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. Based on an average daily volume of 3,924 shares, the short-interest ratio is presently 3.5 days. Approximately 0.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat, First Seacoast Bancorp presently has a consensus rating of “Hold”.

First Seacoast Bancorp Stock Performance

Shares of NASDAQ:FSEA traded down $0.01 on Tuesday, hitting $17.18. 4,305 shares of the company were exchanged, compared to its average volume of 18,228. The company’s 50 day moving average price is $16.99 and its two-hundred day moving average price is $15.20. First Seacoast Bancorp has a one year low of $11.07 and a one year high of $17.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $80.75 million, a price-to-earnings ratio of -429.50 and a beta of 0.16.

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

Institutional Trading of First Seacoast Bancorp

Institutional investors have recently modified their holdings of the company. Flywheel Private Wealth LLC bought a new position in First Seacoast Bancorp in the first quarter worth $629,000. Pallas Capital Advisors LLC acquired a new stake in shares of First Seacoast Bancorp during the 2nd quarter valued at about $325,000. PenderFund Capital Management Ltd. acquired a new stake in shares of First Seacoast Bancorp during the 2nd quarter valued at about $300,000. Susquehanna International Group LLP bought a new stake in First Seacoast Bancorp in the second quarter valued at about $226,000. Finally, BlackRock Inc. bought a new stake in 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.

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.