23,631 Shares in First South Bancorp Inc (FSBK) Purchased by ELCO Management Co. LLC
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.
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