First Seacoast Bancorp Inc. (NASDAQ:FSEA) Short Interest Up 26.0% in December

First Seacoast Bancorp Inc. (NASDAQ:FSEA) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 7,514 shares, a growth of 26.0% from the November 30th total of 5,962 shares. Based on an average daily trading volume, of 1,635 shares, the days-to-cover ratio is presently 4.6 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,635 shares, the days-to-cover ratio is presently 4.6 days.

Insider Transactions at First Seacoast Bancorp

In other First Seacoast Bancorp news, CFO Richard M. Donovan acquired 2,322 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average price of $12.23 per share, for a total transaction of $28,398.06. Following the acquisition, the chief financial officer directly owned 5,325 shares in the company, valued at $65,124.75. This represents a 77.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On First Seacoast Bancorp

An institutional investor recently raised its position in First Seacoast Bancorp stock. Polaris Capital Management LLC grew its holdings in shares of First Seacoast Bancorp Inc. (NASDAQ:FSEA) by 28.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,537 shares of the company’s stock after buying an additional 19,900 shares during the period. Polaris Capital Management LLC owned approximately 1.92% of First Seacoast Bancorp worth $1,031,000 as of its most recent filing with the SEC. 38.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of First Seacoast Bancorp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

First Seacoast Bancorp Price Performance

FSEA stock opened at $13.20 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.82. The firm has a market cap of $62.04 million, a price-to-earnings ratio of -26.40 and a beta of 0.08. The company’s fifty day simple moving average is $12.12 and its 200 day simple moving average is $11.68. First Seacoast Bancorp has a 12-month low of $9.53 and a 12-month high of $15.00.

First Seacoast Bancorp (NASDAQ:FSEA) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.08 earnings per share for the quarter. First Seacoast Bancorp had a negative return on equity of 3.50% and a negative net margin of 7.66%.The firm had revenue of $3.99 million during the quarter.

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.