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

First Seacoast Bancorp Inc. (NASDAQ:FSEA) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 13,600 shares, an increase of 63.0% from the July 30th total of 8,343 shares. Based on an average daily volume of 3,924 shares, the short-interest ratio is currently 3.5 days. Currently, 0.3% of the shares of the company are short sold.

First Seacoast Bancorp Stock Down 0.1%

NASDAQ FSEA opened at $17.18 on Wednesday. The company has a market cap of $80.81 million, a price-to-earnings ratio of -429.50 and a beta of 0.16. First Seacoast Bancorp has a 1-year low of $11.07 and a 1-year high of $17.21. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $16.99 and a 200-day moving average of $15.20.

First Seacoast Bancorp (NASDAQ:FSEA) last released its earnings results on Friday, August 7th. The company reported $0.05 earnings per share for the quarter. First Seacoast Bancorp had a return on equity of 0.07% and a net margin of 0.15%.The firm had revenue of $4.14 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of First Seacoast Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, First Seacoast Bancorp currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC bought a new position in First Seacoast Bancorp in the 2nd quarter valued at approximately $153,000. BlackRock Inc. bought a new position in shares of First Seacoast Bancorp in the 2nd quarter valued at $211,000. Susquehanna International Group LLP bought a new position in shares of First Seacoast Bancorp in the 2nd quarter valued at $226,000. PenderFund Capital Management Ltd. acquired a new stake in shares of First Seacoast Bancorp during the 2nd quarter valued at $300,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of First Seacoast Bancorp during the 2nd quarter valued at $325,000. Institutional investors own 38.38% of the company’s stock.

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.