Short Interest in First Resource Bancorp, Inc. (OTCMKTS:FRSB) Drops By 44.0%

First Resource Bancorp, Inc. (OTCMKTS:FRSB) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 615 shares, a decline of 44.0% from the July 30th total of 1,099 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,425 shares, the days-to-cover ratio is presently 0.2 days.

First Resource Bancorp Stock Performance

Shares of First Resource Bancorp stock opened at $25.95 on Tuesday. The firm has a market capitalization of $78.11 million, a price-to-earnings ratio of 7.94 and a beta of 0.07. First Resource Bancorp has a fifty-two week low of $16.75 and a fifty-two week high of $25.95. The stock has a 50 day moving average of $24.65 and a 200 day moving average of $22.63.

First Resource Bancorp (OTCMKTS:FRSB) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. The business had revenue of $8.53 million for the quarter.

About First Resource Bancorp

First Resource Bancorp is a bank holding company headquartered in Hattiesburg, Mississippi, that operates through its primary subsidiary, First Resource Bank. As a community-oriented financial institution, the company focuses on delivering personalized banking solutions to individuals, families and businesses across its service area.

The company’s core offerings include a full suite of deposit products such as checking, savings and money market accounts, as well as certificates of deposit.