Bank of New York Mellon Corp Invests $408,000 in ASB Bancorp Inc (ASBB) Stock
Bank of New York Mellon Corp purchased a new position in shares of ASB Bancorp Inc (NASDAQ:ASBB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,299 shares of the bank’s stock, valued at approximately $408,000. Bank of New York Mellon Corp owned 0.27% of ASB Bancorp as of its most recent SEC filing.
Separately, Spark Investment Management LLC acquired a new position in shares of ASB Bancorp in the second quarter valued at approximately $259,000. 36.53% of the stock is owned by hedge funds and other institutional investors.
Separately, TheStreet lowered ASB Bancorp from a “b” rating to a “c+” rating in a report on Monday, August 28th.
ASB Bancorp Company Profile
ASB Bancorp, Inc is the holding company for Asheville Savings Bank (the Bank). The Company’s principal business activity is the ownership of the outstanding shares of common stock of the Bank. The Bank is a chartered savings bank. It operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.
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