First Seacoast Bancorp Inc. (NASDAQ:FSEA) Short Interest Update

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

Insider Buying and Selling at First Seacoast Bancorp

In other news, CFO Richard M. Donovan purchased 2,322 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average cost of $12.23 per share, for a total transaction of $28,398.06. Following the completion of the acquisition, the chief financial officer owned 5,325 shares in the company, valued at $65,124.75. This trade represents a 77.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.82% of the stock is owned by corporate insiders.

Institutional Trading of First Seacoast Bancorp

A hedge fund recently raised its stake in First Seacoast Bancorp stock. Polaris Capital Management LLC lifted its stake in First Seacoast Bancorp Inc. (NASDAQ:FSEA) by 28.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,537 shares of the company’s stock after purchasing an additional 19,900 shares during the period. Polaris Capital Management LLC owned 1.92% of First Seacoast Bancorp worth $1,031,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 38.38% of the company’s stock.

First Seacoast Bancorp Trading Up 6.4%

Shares of FSEA stock traded up $0.79 during mid-day trading on Thursday, reaching $13.20. The stock had a trading volume of 2,936 shares, compared to its average volume of 3,402. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.82. The stock’s 50-day moving average price is $12.09 and its two-hundred day moving average price is $11.67. The firm has a market capitalization of $62.04 million, a PE ratio of -26.40 and a beta of 0.08. First Seacoast Bancorp has a 52-week low of $9.53 and a 52-week high of $15.00.

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

Analyst Ratings Changes

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

About First Seacoast Bancorp

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.