Raffles Associates LP Invests $779,000 in NSTS Bancorp, Inc. $NSTS

Raffles Associates LP bought a new stake in shares of NSTS Bancorp, Inc. (NASDAQ:NSTS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 56,589 shares of the company’s stock, valued at approximately $779,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roberts Glore & Co. Inc. IL purchased a new stake in NSTS Bancorp in the second quarter worth $502,000. BlackRock Inc. bought a new stake in NSTS Bancorp in the second quarter valued at $223,000. Longfellow Investment Management Co. LLC purchased a new position in NSTS Bancorp during the 2nd quarter valued at $151,000. Renaissance Technologies LLC increased its position in NSTS Bancorp by 21.5% during the 4th quarter. Renaissance Technologies LLC now owns 17,497 shares of the company’s stock valued at $227,000 after purchasing an additional 3,097 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in NSTS Bancorp by 0.6% in the 3rd quarter. Alliancebernstein L.P. now owns 518,324 shares of the company’s stock worth $5,981,000 after purchasing an additional 3,022 shares in the last quarter. Institutional investors own 23.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NSTS Bancorp in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

NSTS Bancorp Stock Performance

NSTS Bancorp stock opened at $14.01 on Friday. The stock’s 50 day simple moving average is $13.82 and its two-hundred day simple moving average is $13.09. The stock has a market cap of $73.55 million, a price-to-earnings ratio of -1,401.00 and a beta of 0.22. NSTS Bancorp, Inc. has a fifty-two week low of $10.72 and a fifty-two week high of $14.04.

NSTS Bancorp (NASDAQ:NSTS) last announced its earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. NSTS Bancorp had a negative return on equity of 0.05% and a negative net margin of 0.31%.The firm had revenue of $2.32 million during the quarter.

NSTS Bancorp Profile

NSTS Bancorp, Inc operates as a savings and loan holding company for North Shore Trust and Savings that provides banking products and services in Illinois. The company offers interest-bearing and noninterest-bearing checking, money market, savings, and time deposit accounts; and one- to four-family residential mortgage, multi-family and commercial real estate mortgage, construction, home equity, and consumer loans. It operates through full-service banking offices in Lake County, Illinois; and one loan production office in Chicago.