First South Bancorp Inc (FSBK) to Issue $0.04 Quarterly Dividend
First South Bancorp Inc (NASDAQ:FSBK) announced a quarterly dividend on Friday, July 21st, Zacks reports. Shareholders of record on Tuesday, August 8th will be paid a dividend of 0.035 per share by the bank on Friday, August 18th. This represents a $0.14 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, August 4th.
Shares of First South Bancorp (NASDAQ FSBK) traded down 0.42% during mid-day trading on Thursday, reaching $16.60. 9,640 shares of the company’s stock traded hands. The company has a market capitalization of $157.75 million, a P/E ratio of 20.24 and a beta of 0.50. The firm has a 50-day moving average price of $16.97 and a 200-day moving average price of $14.07. First South Bancorp has a 1-year low of $9.23 and a 1-year high of $17.56.
First South Bancorp (NASDAQ:FSBK) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.24 EPS for the quarter. First South Bancorp had a return on equity of 8.98% and a net margin of 14.98%. The company had revenue of $12.63 million during the quarter.
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An institutional investor recently raised its position in First South Bancorp stock. Northern Trust Corp raised its position in First South Bancorp Inc (NASDAQ:FSBK) by 26.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,364 shares of the bank’s stock after buying an additional 4,456 shares during the period. Northern Trust Corp owned about 0.22% of First South Bancorp worth $353,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 38.00% of the company’s stock.
Separately, ValuEngine upgraded First South Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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.
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