First Seacoast Bancorp (NASDAQ:FSEA) Shares Down 1.6% – Time to Sell?

First Seacoast Bancorp Inc. (NASDAQ:FSEA) was down 1.6% during mid-day trading on Monday . The stock traded as low as $11.02 and last traded at $11.17. Approximately 6,844 shares were traded during trading, a decline of 37% from the average daily volume of 10,857 shares. The stock had previously closed at $11.35.

First Seacoast Bancorp Price Performance

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.04. The firm has a market cap of $52.72 million, a price-to-earnings ratio of -558.22 and a beta of 0.10. The stock’s fifty day moving average price is $11.24 and its 200-day moving average price is $10.92.

First Seacoast Bancorp (NASDAQ:FSEA) last released its earnings results on Friday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter. First Seacoast Bancorp had a return on equity of 0.06% and a net margin of 0.12%. The business had revenue of $3.53 million for the quarter.

Institutional Trading of First Seacoast Bancorp

Several hedge funds have recently modified their holdings of FSEA. Rangeley Capital LLC acquired a new position in First Seacoast Bancorp during the fourth quarter worth about $131,000. Renaissance Technologies LLC increased its position in shares of First Seacoast Bancorp by 80.7% in the fourth quarter. Renaissance Technologies LLC now owns 19,032 shares of the company’s stock worth $191,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Polaris Capital Management LLC boosted its stake in shares of First Seacoast Bancorp by 28.2% in the second quarter. Polaris Capital Management LLC now owns 90,537 shares of the company’s stock valued at $1,031,000 after purchasing an additional 19,900 shares during the period. 38.38% of the stock is owned by institutional investors and hedge funds.

First Seacoast Bancorp Company Profile

First Seacoast Bancorp, Inc operates as the holding company for First Seacoast Bank that provides commercial and consumer banking services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts, as well as time deposits.