First Resource Bancorp, Inc. (OTCMKTS:FRSB) Sees Large Increase in Short Interest

First Resource Bancorp, Inc. (OTCMKTS:FRSB) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 909 shares, an increase of 116.4% from the June 30th total of 420 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 506 shares, the days-to-cover ratio is presently 1.8 days.

First Resource Bancorp Price Performance

Shares of First Resource Bancorp stock opened at $25.76 on Thursday. First Resource Bancorp has a 1 year low of $16.25 and a 1 year high of $25.76. The company has a 50-day moving average of $23.45 and a 200 day moving average of $21.91. The firm has a market cap of $77.54 million, a price-to-earnings ratio of 7.88 and a beta of 0.08.

First Resource Bancorp (OTCMKTS:FRSB) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. The firm had revenue of $8.53 million during the quarter.

About First Resource Bancorp

First Resource Bancorp is a bank holding company headquartered in Hattiesburg, Mississippi, that operates through its primary subsidiary, First Resource Bank. As a community-oriented financial institution, the company focuses on delivering personalized banking solutions to individuals, families and businesses across its service area.

The company’s core offerings include a full suite of deposit products such as checking, savings and money market accounts, as well as certificates of deposit.