First Seacoast Bancorp, Inc. (NASDAQ:FSEA) Sees Significant Decrease in Short Interest

First Seacoast Bancorp, Inc. (NASDAQ:FSEA - Get Free Report) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 8,700 shares, a decrease of 16.3% from the February 28th total of 10,400 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Seacoast Bancorp

Several institutional investors have recently bought and sold shares of FSEA. Farther Finance Advisors LLC raised its stake in First Seacoast Bancorp by 100.0% in the 4th quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company's stock valued at $60,000 after purchasing an additional 3,000 shares during the last quarter. Rangeley Capital LLC purchased a new position in shares of First Seacoast Bancorp in the fourth quarter worth about $131,000. Renaissance Technologies LLC lifted its stake in shares of First Seacoast Bancorp by 80.7% in the fourth quarter. Renaissance Technologies LLC now owns 19,032 shares of the company's stock worth $191,000 after buying an additional 8,500 shares in the last quarter. Geode Capital Management LLC grew its stake in First Seacoast Bancorp by 36.1% during the 3rd quarter. Geode Capital Management LLC now owns 35,854 shares of the company's stock valued at $325,000 after acquiring an additional 9,507 shares in the last quarter. Finally, RBF Capital LLC purchased a new stake in First Seacoast Bancorp during the 3rd quarter valued at about $363,000. 38.38% of the stock is currently owned by institutional investors and hedge funds.

First Seacoast Bancorp Price Performance

Shares of First Seacoast Bancorp stock traded down $0.74 on Friday, reaching $10.81. The company's stock had a trading volume of 84,924 shares, compared to its average volume of 11,399. First Seacoast Bancorp has a 52-week low of $8.25 and a 52-week high of $11.69. The company has a market capitalization of $51.14 million, a P/E ratio of -5.72 and a beta of 0.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.10. The stock has a 50-day moving average price of $10.87 and a 200-day moving average price of $9.93.

First Seacoast Bancorp (NASDAQ:FSEA - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported ($0.31) EPS for the quarter. First Seacoast Bancorp had a negative return on equity of 13.41% and a negative net margin of 35.93%. The company had revenue of $3.35 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.