ELCO Management Co. LLC bought a new stake in First South Bancorp Inc (NASDAQ:FSBK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,631 shares of the bank’s stock, valued at approximately $391,000. ELCO Management Co. LLC owned about 0.25% of First South Bancorp at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FSBK. Goldman Sachs Group Inc. increased its position in First South Bancorp by 319.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 69,759 shares of the bank’s stock valued at $1,154,000 after purchasing an additional 53,111 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of First South Bancorp by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 203,975 shares of the bank’s stock valued at $3,374,000 after purchasing an additional 3,999 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of First South Bancorp in the 2nd quarter valued at $198,000. Vanguard Group Inc. boosted its stake in shares of First South Bancorp by 51.1% in the 2nd quarter. Vanguard Group Inc. now owns 271,035 shares of the bank’s stock valued at $4,483,000 after purchasing an additional 91,649 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of First South Bancorp by 26.4% in the 2nd quarter. Northern Trust Corp now owns 21,364 shares of the bank’s stock valued at $353,000 after purchasing an additional 4,456 shares during the last quarter. Institutional investors and hedge funds own 44.23% of the company’s stock.

First South Bancorp Inc (NASDAQ:FSBK) traded up 0.5428% during midday trading on Wednesday, hitting $18.8015. 3,727 shares of the stock traded hands. The company has a market capitalization of $178.67 million, a price-to-earnings ratio of 22.9287 and a beta of 0.48. First South Bancorp Inc has a 52 week low of $9.23 and a 52 week high of $18.90. The stock’s 50-day moving average price is $17.46 and its 200 day moving average price is $15.38.

First South Bancorp (NASDAQ:FSBK) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.24 earnings per share (EPS) for the quarter. First South Bancorp had a net margin of 14.98% and a return on equity of 8.98%. The company had revenue of $12.63 million during the quarter.

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First South Bancorp Company Profile

First South Bancorp, Inc is the bank holding company for First South Bank (the Bank). Through the Bank, the Company operates a commercial banking business. The Bank is a North Carolina chartered commercial bank. The Bank’s segment is providing general commercial banking services to its markets located in the state of North Carolina.

Institutional Ownership by Quarter for First South Bancorp (NASDAQ:FSBK)

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