Short Interest in First Seacoast Bancorp, Inc. (NASDAQ:FSEA) Drops By 16.3%

First Seacoast Bancorp, Inc. (NASDAQ:FSEA) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 8,700 shares, a drop of 16.3% from the February 28th total of 10,400 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 8,600 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On First Seacoast Bancorp

Several large investors have recently modified their holdings of FSEA. RBF Capital LLC bought a new stake in shares of First Seacoast Bancorp in the third quarter worth $363,000. Geode Capital Management LLC increased its stake in shares of First Seacoast Bancorp by 36.1% in the third quarter. Geode Capital Management LLC now owns 35,854 shares of the company’s stock valued at $325,000 after buying an additional 9,507 shares during the period. Renaissance Technologies LLC raised its position in shares of First Seacoast Bancorp by 80.7% during the fourth quarter. Renaissance Technologies LLC now owns 19,032 shares of the company’s stock worth $191,000 after acquiring an additional 8,500 shares during the last quarter. Rangeley Capital LLC acquired a new position in shares of First Seacoast Bancorp in the fourth quarter worth approximately $131,000. Finally, Farther Finance Advisors LLC boosted its holdings in First Seacoast Bancorp by 100.0% in the fourth quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company’s stock valued at $60,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 38.38% of the company’s stock.

First Seacoast Bancorp Price Performance

FSEA traded down $0.18 on Thursday, reaching $11.38. The stock had a trading volume of 2,067 shares, compared to its average volume of 11,105. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $53.82 million, a price-to-earnings ratio of -6.02 and a beta of 0.40. First Seacoast Bancorp has a fifty-two week low of $8.25 and a fifty-two week high of $11.69. The firm has a 50-day moving average of $10.83 and a 200-day moving average of $9.90.

First Seacoast Bancorp (NASDAQ:FSEA) last released its quarterly earnings results on Friday, March 21st. The company reported ($0.31) earnings per share for the quarter. The firm had revenue of $3.35 million for the quarter. First Seacoast Bancorp had a negative return on equity of 13.41% and a negative net margin of 35.93%.

About First Seacoast Bancorp

First Seacoast Bancorp, Inc operates as the holding company for First Seacoast Bank that provides commercial and consumer banking services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts, as well as time deposits.