First Seacoast Bancorp (NASDAQ:FSEA) Trading Up 0.4% – Should You Buy?

First Seacoast Bancorp Inc. (NASDAQ:FSEA)’s stock price shot up 0.4% during trading on Friday . The company traded as high as $17.20 and last traded at $17.18. Approximately 12,909 shares changed hands during trading, an increase of 262% from the average session volume of 3,570 shares. The stock had previously closed at $17.12.

Wall Street Analysts Forecast Growth

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

First Seacoast Bancorp Stock Up 0.4%

The stock has a market cap of $80.75 million, a price-to-earnings ratio of -429.50 and a beta of 0.16. The business’s 50 day moving average is $16.98 and its 200-day moving average is $15.13. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.94 and a current ratio of 0.94.

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

Institutional Inflows and Outflows

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

First Seacoast Bancorp Company Profile

First Seacoast Bancorp is the bank holding company for First Seacoast Bank, a regional financial institution headquartered in Dover, New Hampshire. The company provides a comprehensive range of banking products and services designed to meet the needs of individuals, families and businesses. Through its community-focused approach, First Seacoast Bancorp emphasizes personalized customer service and local decision-making.

The company’s retail offerings include deposit accounts such as checking, savings, money market and certificate of deposit products, along with consumer lending solutions including residential mortgages, home equity lines of credit and vehicle financing.