First Seacoast Bancorp, Inc. (NASDAQ:FSEA) Sees Large Increase in Short Interest

First Seacoast Bancorp, Inc. (NASDAQ:FSEA) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 6,100 shares, an increase of 22.0% from the June 15th total of 5,000 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On First Seacoast Bancorp

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of First Seacoast Bancorp by 154.8% during the first quarter. Vanguard Group Inc. now owns 207,779 shares of the company’s stock valued at $1,741,000 after purchasing an additional 126,220 shares during the period. Wittenberg Investment Management Inc. acquired a new position in shares of First Seacoast Bancorp during the fourth quarter valued at $159,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of First Seacoast Bancorp during the fourth quarter valued at $80,000. 38.38% of the stock is owned by institutional investors and hedge funds.

First Seacoast Bancorp Stock Performance

Shares of FSEA stock traded down $0.04 on Tuesday, hitting $9.05. 15,395 shares of the stock traded hands, compared to its average volume of 11,589. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $45.98 million, a PE ratio of -3.43 and a beta of 0.45. First Seacoast Bancorp has a 1-year low of $6.25 and a 1-year high of $9.44. The company’s fifty day moving average is $9.04 and its 200 day moving average is $8.70.

First Seacoast Bancorp (NASDAQ:FSEA) last issued its earnings results on Friday, May 10th. The company reported ($0.24) earnings per share for the quarter. First Seacoast Bancorp had a negative return on equity of 18.08% and a negative net margin of 64.07%. The company had revenue of $3.19 million during the quarter.

First Seacoast Bancorp Company Profile

First Seacoast Bancorp, Inc operates as the holding company for First Seacoast Bank that provides commercial and consumer banking services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts, as well as time deposits.