BlackRock Inc. Purchases Shares of 14,860,944 First South Bancorp Inc $FSBS

BlackRock Inc. acquired a new position in shares of First South Bancorp Inc (OTCMKTS:FSBS) in the second quarter, HoldingsChannel reports. The institutional investor acquired 14,860,944 shares of the company’s stock, valued at approximately $302,123,000.

Separately, Deutsche Bank AG bought a new position in shares of First South Bancorp during the second quarter worth approximately $2,125,000.

First South Bancorp Price Performance

OTCMKTS:FSBS opened at $1.14 on Thursday. The stock has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $1.14. First South Bancorp Inc has a 1-year low of $0.76 and a 1-year high of $1.30.

About First South Bancorp

First South Bancorp is the bank holding company for First South Bank, a community‐oriented financial institution headquartered in Easley, South Carolina. Through its subsidiary, the company offers a full range of banking services to individuals, small businesses and agricultural clients. First South Bancorp operates under the principles of personalized service and local decision‐making, emphasizing long‐term customer relationships.

The company’s product suite includes checking and savings accounts, money market and certificate offerings, as well as consumer, commercial and real estate lending solutions.