Northern Trust Corp Takes Position in ASB Bancorp Inc (ASBB)
Northern Trust Corp purchased a new stake in shares of ASB Bancorp Inc (NASDAQ:ASBB) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 29,978 shares of the bank’s stock, valued at approximately $1,317,000. Northern Trust Corp owned approximately 0.86% of ASB Bancorp at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ASBB. Spark Investment Management LLC bought a new position in shares of ASB Bancorp during the second quarter valued at about $259,000. Bank of New York Mellon Corp purchased a new stake in ASB Bancorp during the second quarter worth about $408,000. Teachers Advisors LLC purchased a new stake in ASB Bancorp during the second quarter worth about $223,000. TIAA CREF Investment Management LLC purchased a new stake in ASB Bancorp during the second quarter worth about $336,000. Finally, Context BH Capital Management LP purchased a new stake in ASB Bancorp during the second quarter worth about $7,575,000. 36.53% of the stock is currently owned by institutional investors.
Shares of ASB Bancorp Inc (NASDAQ:ASBB) opened at $45.10 on Wednesday. ASB Bancorp Inc has a 1-year low of $25.73 and a 1-year high of $46.00.
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About ASB Bancorp
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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