First Seacoast Bancorp
FSEA
Market cap $43.3M

9.05 USD

-0.10

1.09%

At close Oct 18, 4:00 PM EDT

1 day

-1.09%

5 days

-1.31%

1 month

-1.42%

3 months

-1.42%

6 months

3.55%

Year to date

18.77%

1 year

36.09%

5 years

-0.55%

About: First Seacoast Bancorp Inc is a savings and loan holding company. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank, in one-to-four-family residential real estate loans, commercial real estate, and multi-family real estate loans, acquisition, development and land loans, commercial and industrial loans, home equity loans and lines of credit and consumer loans. The company generates revenue from financial instruments, such as loans, letters of credit, and investment securities, as well as revenue related to mortgage servicing activities and bank-owned life insurance.

Employees: 76

Financials Savings Institution, Federally Chartered

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

5.84% less ownership

Funds ownership: 28.28% [Q1] → 22.44% (-5.84%) [Q2]

15% less funds holding

Funds holding: 20 [Q1] → 17 (-3) [Q2]

15% less capital invested

Capital invested by funds: $12M [Q1] → $10.2M (-$1.82M) [Q2]

50% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 6

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for FSEA.

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Financial journalist opinion

First Seacoast Bank Completes Sale-Leaseback Transaction with MountainSeed Real Estate Services, LLC

DOVER, N.H. & ATLANTA--(BUSINESS WIRE)--Effective June 11, 2024, First Seacoast Bank, the wholly-owned subsidiary of First Seacoast Bancorp, Inc. (Nasdaq: "FSEA"), completed its previously announced sale-leaseback transaction with MountainSeed Real Estate Services, LLC, a Georgia limited liability company ("MountainSeed").

First Seacoast Bank Completes Sale-Leaseback Transaction with MountainSeed Real Estate Services, LLC

First Seacoast Bancorp, Inc. Authorizes Stock Repurchase Program

DOVER, N.H.--(BUSINESS WIRE)--First Seacoast Bancorp, Inc. (the “Company”) (Nasdaq Capital Market: FSEA), the holding company for First Seacoast Bank, announced today it has authorized a stock repurchase program for up to 507,707 shares of common stock, representing approximately 10% of shares currently outstanding, to be effective as soon as practicable after the Company files its Quarterly Report on Form 10-Q for the period ending March 31, 2024, with the Securities and Exchange Commission (t.

First Seacoast Bancorp, Inc. Authorizes Stock Repurchase Program

Bank Buzz: 2 Value Plays With Near-Term Catalysts

Our strategy is to invest in banks trading below TBV with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams. This combination typically leads to two catalysts, first accretive share repurchases and ultimately a sale to a larger institution. Trading at less than 60% of TBV, we theorize that FSEA will begin an accretive stock buyback program in 1Q24.

Bank Buzz: 2 Value Plays With Near-Term Catalysts

First Seacoast Bancorp, Inc. Announces Balance Sheet Repositioning

DOVER, N.H.--(BUSINESS WIRE)--First Seacoast Bancorp, Inc. (the "Company") (NASDAQ Capital Market: FSEA), the holding company for First Seacoast Bank, announced today the execution of a balance sheet repositioning strategy related to its available-for-sale investment securities portfolio. The Company sold $40.6 million in book value of its lower-yielding investment securities for an estimated after-tax realized loss of $3.1 million. The investment securities sold consisted of $27.3 million of m.

First Seacoast Bancorp, Inc. Announces Balance Sheet Repositioning

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