First Seacoast Bancorp (NASDAQ:FSEA) Stock Price Down 1.1% – Here’s Why

First Seacoast Bancorp, Inc. (NASDAQ:FSEA)’s stock price was down 1.1% during trading on Wednesday . The company traded as low as $9.00 and last traded at $9.03. Approximately 5,655 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 12,082 shares. The stock had previously closed at $9.13.

First Seacoast Bancorp Trading Down 1.1 %

The firm has a market capitalization of $42.44 million, a P/E ratio of -4.78 and a beta of 0.45. 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’s fifty day moving average is $9.11 and its 200-day moving average is $9.12.

First Seacoast Bancorp (NASDAQ:FSEA) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $3.35 million during the quarter. First Seacoast Bancorp had a negative return on equity of 13.41% and a negative net margin of 35.93%.

Institutional Investors Weigh In On First Seacoast Bancorp

A number of hedge funds have recently made changes to their positions in FSEA. Geode Capital Management LLC boosted its stake in shares of First Seacoast Bancorp by 36.1% in the 3rd quarter. Geode Capital Management LLC now owns 35,854 shares of the company’s stock valued at $325,000 after purchasing an additional 9,507 shares during the last quarter. RBF Capital LLC acquired a new stake in First Seacoast Bancorp during the 3rd quarter worth approximately $363,000. Finally, Vanguard Group Inc. raised its position in First Seacoast Bancorp by 154.8% in the 1st quarter. Vanguard Group Inc. now owns 207,779 shares of the company’s stock valued at $1,741,000 after buying an additional 126,220 shares during the last quarter. Institutional investors and hedge funds own 38.38% of the company’s stock.

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.