First Seacoast Bancorp (NASDAQ:FSEA) sees a significant increase in short-term interest

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First Seacoast Bancorp (NASDAQ: FSEAGet a rating) saw strong growth in short-term interest during the month of May. As of May 15, there were short interests totaling 500 shares, a growth of 66.7% from the total of 300 shares as of April 30. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,300 shares, the short interest rate is currently 0.1 day.

Separately, TheStreet downgraded shares of First Seacoast Bancorp from a ‘b’ rating to a ‘c’ rating in a Tuesday, April 26 research report.

Shares of NASDAQ: FSEA traded at $0.05 during Friday’s trading, reaching $10.56. 4,728 shares of the company have traded, compared to its average volume of 7,029. The company has a leverage ratio of 0.89, a current ratio of 0.99 and a quick ratio of 0.97. First Seacoast Bancorp has a 12-month low of $9.23 and a 12-month high of $11.07. The company has a 50-day moving average of $10.54 and a 200-day moving average of $10.37. The stock has a market capitalization of $64.06 million, a P/E ratio of 29.33 and a beta of 0.67.

First Seacoast Bancorp (NASDAQ: FSEAGet a rating) last reported quarterly earnings data on Friday, March 25. The company reported earnings per share of $0.07 for the quarter. First Seacoast Bancorp posted a net margin of 12.02% and a return on equity of 3.56%. The company had revenue of $3.77 million in the quarter.

A hedge fund recently bought a new stake in the shares of First Seacoast Bancorp. M3F Inc. acquired a new position in First Seacoast Bancorp (NASDAQ: FSEAGet a rating) in Q3, according to the company in its latest 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,865 shares of the company, valued at approximately $280,000. M3F Inc. owned approximately 0.48% of First Seacoast Bancorp at the end of the last quarter. Institutional investors and hedge funds own 5.89% of the company’s shares.

First Seacoast Bancorp Company Profile (Get a rating)

First Seacoast Bancorp operates as a holding company for First Seacoast Bank which provides various retail and corporate banking products and services. The company offers interest-bearing and non-interest-bearing checking, savings and money market accounts; and term deposits. It also offers various loan products including residential real estate loans for one to four families; commercial and multi-family real estate loans; land acquisition, development and loans; commercial and industrial loans; home equity loans and lines of credit; and consumer loans.

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