First Seacoast Bancorp (NASDAQ:FSEA) Trading 1.7% Higher – Should You Buy?

First Seacoast Bancorp, Inc. (NASDAQ:FSEA) was up 1.7% during trading on Monday . The company traded as high as $9.20 and last traded at $9.20. Approximately 4,736 shares were traded during trading, a decline of 63% from the average daily volume of 12,684 shares. The stock had previously closed at $9.05.

First Seacoast Bancorp Price Performance

The business has a 50-day simple moving average of $9.17 and a two-hundred day simple moving average of $9.06. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $46.10 million, a price-to-earnings ratio of -3.44 and a beta of 0.45.

First Seacoast Bancorp (NASDAQ:FSEA) last released its earnings results on Friday, August 9th. The company reported $0.42 earnings per share (EPS) for the quarter. First Seacoast Bancorp had a negative return on equity of 14.79% and a negative net margin of 42.33%. The firm had revenue of $5.92 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Seacoast Bancorp stock. Vanguard Group Inc. grew its stake in shares of First Seacoast Bancorp, Inc. (NASDAQ:FSEA) by 154.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,779 shares of the company’s stock after purchasing an additional 126,220 shares during the period. Vanguard Group Inc. owned about 4.09% of First Seacoast Bancorp worth $1,741,000 as of its most recent SEC filing. 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.