ASB Bancorp (ASBB) Earning Somewhat Positive News Coverage, Study Shows
Media headlines about ASB Bancorp (NASDAQ:ASBB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ASB Bancorp earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 44.9761560248272 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, TheStreet downgraded shares of ASB Bancorp from a “b” rating to a “c+” rating in a research report on Monday.
Shares of ASB Bancorp (ASBB) opened at 44.35 on Friday. The stock’s 50 day moving average is $44.14 and its 200 day moving average is $39.60. The company has a market capitalization of $156.16 million, a P/E ratio of 116.40 and a beta of 0.34. ASB Bancorp has a 12 month low of $24.80 and a 12 month high of $46.00.
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ASB Bancorp Company Profile
ASB Bancorp, Inc is the holding company for Asheville Savings Bank (the Bank). The Company’s principal business activity is the ownership of the outstanding shares of common stock of the Bank. The Bank is a chartered savings bank. It operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.
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