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

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

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On First Seacoast Bancorp

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

First Seacoast Bancorp Stock Performance

Shares of NASDAQ FSEA remained flat at $17.25 during mid-day trading on Friday. First Seacoast Bancorp has a one year low of $11.07 and a one year high of $17.25. The firm has a market cap of $81.14 million, a price-to-earnings ratio of -431.25 and a beta of 0.16. 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 business has a 50 day moving average of $17.18 and a 200 day moving average of $16.15.

First Seacoast Bancorp (NASDAQ:FSEA) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.05 EPS 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.

First Seacoast Bancorp Company Profile

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.