First Reliance Bancshares (OTCBB:FSRL) Research Coverage Started at Hovde Group

Hovde Group initiated coverage on shares of First Reliance Bancshares (OTCBB:FSRL) in a research note released on Monday morning, The Fly reports. The brokerage issued an outperform rating on the bank’s stock.

Separately, Janney Montgomery Scott initiated coverage on shares of First Reliance Bancshares in a research report on Tuesday, January 19th. They issued a buy rating on the stock.

The company has a market cap of $65.09 million, a price-to-earnings ratio of 4.64 and a beta of 0.73. First Reliance Bancshares has a 1 year low of $6.40 and a 1 year high of $8.00.

First Reliance Bancshares Company Profile

First Reliance Bancshares, Inc operates as the bank holding company for First Reliance Bank that provides banking services in the United States. The company offers checking, savings, money market, and individual retirement accounts; certificates of deposit; and deposit insurance products. It also provides personal loans, including unsecured, auto, real estate, overdraft protection, and other loans, as well as home equity line of credit; business loans, such as business installment, commercial real estate, and overdraft protection loans, as well as business lines of credit; mortgage loans; and debit and credit card services.

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