First South Bancorp Inc (FSBK) Announces Quarterly Earnings Results
First South Bancorp Inc (NASDAQ:FSBK) released its quarterly earnings data on Thursday. The bank reported $0.31 EPS for the quarter, Bloomberg Earnings reports. The company had revenue of $13.15 million for the quarter. First South Bancorp had a return on equity of 8.98% and a net margin of 14.98%.
First South Bancorp (NASDAQ:FSBK) remained flat at $18.52 on Friday. The company’s stock had a trading volume of 7,780 shares. First South Bancorp has a 52-week low of $9.23 and a 52-week high of $18.90. The firm has a market cap of $176.00 million, a price-to-earnings ratio of 22.59 and a beta of 0.48. The company’s 50 day moving average price is $17.98 and its 200 day moving average price is $15.90.
An institutional investor recently raised its position in First South Bancorp stock. Northern Trust Corp grew its position in shares of First South Bancorp Inc (NASDAQ:FSBK) by 26.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,364 shares of the bank’s stock after purchasing an additional 4,456 shares during the period. Northern Trust Corp owned approximately 0.22% of First South Bancorp worth $353,000 as of its most recent SEC filing. 44.18% of the stock is owned by hedge funds and other institutional investors.
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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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