ValuEngine lowered shares of First Reliance Bancshares Inc (SuthCrln) (OTCMKTSBB:FSRL) from a buy rating to a hold rating in a research report released on Monday morning.

First Reliance Bancshares Inc (OTCMKTSBB:FSRL) opened at 7.25 on Monday. First Reliance Bancshares Inc has a 52 week low of $5.12 and a 52 week high of $8.00. The firm has a 50-day moving average price of $7.14 and a 200-day moving average price of $6.91. The company has a market cap of $34.31 million and a P/E ratio of 13.43.

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About First Reliance Bancshares Inc (SuthCrln)

First Reliance Bancshares, Inc is the bank holding company for its subsidiary, First Reliance Bank (the Bank). The principal business activity of the Bank is to provide banking services to domestic markets, principally in Florence, Lexington, and Charleston Counties in South Carolina. The Bank is a South Carolina chartered commercial bank, and its deposits are insured by the Federal Deposit Insurance Corporation (FDIC).

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