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

Raffles Associates LP purchased a new stake in shares of NSTS Bancorp, Inc. (NASDAQ:NSTS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,589 shares of the company’s stock, valued at approximately $779,000. NSTS Bancorp accounts for about 0.7% of Raffles Associates LP’s portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in NSTS Bancorp during the 2nd quarter worth $223,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of NSTS Bancorp during the second quarter worth $151,000. Renaissance Technologies LLC increased its holdings in NSTS Bancorp by 21.5% in the fourth 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 last quarter. Finally, Alliancebernstein L.P. lifted its stake in NSTS Bancorp by 0.6% in the third quarter. Alliancebernstein L.P. now owns 518,324 shares of the company’s stock valued at $5,981,000 after buying an additional 3,022 shares during the period. 23.70% of the stock is owned by institutional investors.

NSTS Bancorp Stock Performance

NASDAQ NSTS opened at $14.00 on Wednesday. The stock has a market capitalization of $73.50 million, a price-to-earnings ratio of -1,400.00 and a beta of 0.22. NSTS Bancorp, Inc. has a 52 week low of $10.72 and a 52 week high of $14.04. The stock’s 50 day moving average price is $13.81 and its two-hundred day moving average price is $13.06.

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 data from MarketBeat.com, the company has an average rating of “Sell”.

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.