First South Bancorp Inc. (NASDAQ:FSBK) CEO Bruce W. Elder acquired 2,700 shares of First South Bancorp stock in a transaction dated Wednesday, September 28th. The stock was bought at an average price of $9.81 per share, with a total value of $26,487.00. Following the completion of the purchase, the chief executive officer now directly owns 14,700 shares in the company, valued at $144,207. The purchase was disclosed in a document filed with the SEC, which is available at this link.

First South Bancorp Inc. (NASDAQ:FSBK) traded up 1.33% during midday trading on Wednesday, hitting $9.87. The stock had a trading volume of 5,526 shares. The firm has a market capitalization of $93.71 million, a P/E ratio of 16.18 and a beta of 0.51. The firm has a 50-day moving average of $9.77 and a 200 day moving average of $9.15. First South Bancorp Inc. has a 52-week low of $7.72 and a 52-week high of $10.25.

First South Bancorp (NASDAQ:FSBK) last posted its earnings results on Thursday, July 21st. The company reported $0.17 EPS for the quarter. First South Bancorp had a net margin of 11.98% and a return on equity of 7.01%.

Separately, TheStreet upgraded First South Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 3rd.

First South Bancorp Company Profile

First South Bancorp, Inc is the bank holding company for First South Bank (the Bank). Through the Bank, the Company operates a commercial banking business. The Bank is a North Carolina chartered commercial bank. The Bank’s segment is providing general commercial banking services to its markets located in the state of North Carolina.

5 Day Chart for NASDAQ:FSBK

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