First Seacoast Bancorp Inc. (NASDAQ:FSEA) Shares Shorted: Short Interest Down 35.8% in September

First Seacoast Bancorp Inc. (NASDAQ:FSEA) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 9,535 shares, a decrease of 35.8% from the September 15th total of 14,860 shares. Based on an average trading volume of 12,463 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised First Seacoast Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

First Seacoast Bancorp Stock Performance

FSEA stock opened at $17.25 on Friday. First Seacoast Bancorp has a 1-year low of $11.07 and a 1-year high of $17.25. The firm has a market cap of $81.14 million, a P/E ratio of -431.25 and a beta of 0.16. The business’s 50 day moving average is $17.18 and its 200-day moving average is $16.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.70.

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

Institutional Trading of First Seacoast Bancorp

Large investors have recently made changes to their positions in the business. Flywheel Private Wealth LLC acquired a new position in shares of First Seacoast Bancorp during the first quarter valued at $629,000. Pallas Capital Advisors LLC acquired a new position in First Seacoast Bancorp during the 2nd quarter valued at about $325,000. PenderFund Capital Management Ltd. bought a new position in shares of First Seacoast Bancorp in the 2nd quarter valued at about $300,000. Susquehanna International Group LLP bought a new position in shares of First Seacoast Bancorp in the 2nd quarter valued at about $226,000. Finally, BlackRock Inc. bought a new position in shares of First Seacoast Bancorp in the 2nd quarter valued at about $211,000. Institutional investors own 38.38% of the company’s stock.

About First Seacoast Bancorp

First Seacoast Bancorp, Inc is the bank holding company for First Seacoast Bank, a community-oriented financial institution headquartered in Dover, New Hampshire. The bank serves individuals, families, and businesses in the Seacoast region of New Hampshire and southern Maine through branch locations and digital banking services.

First Seacoast Bank provides a range of banking products, including checking and savings accounts, certificates of deposit, residential mortgage loans, home equity financing, commercial real estate loans, commercial and industrial lending, and consumer loans.