Raffles Associates LP Purchases Shares of 56,589 NSTS Bancorp, Inc. $NSTS

Raffles Associates LP acquired a new stake in shares of NSTS Bancorp, Inc. (NASDAQ:NSTS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 56,589 shares of the company’s stock, valued at approximately $779,000. Raffles Associates LP owned about 1.08% of NSTS Bancorp at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NSTS. Alliancebernstein L.P. increased its holdings in shares of NSTS Bancorp by 0.6% in the third quarter. Alliancebernstein L.P. now owns 518,324 shares of the company’s stock worth $5,981,000 after buying an additional 3,022 shares during the period. Renaissance Technologies LLC boosted its holdings in NSTS Bancorp by 21.5% during the 4th quarter. Renaissance Technologies LLC now owns 17,497 shares of the company’s stock valued at $227,000 after acquiring an additional 3,097 shares during the period. Longfellow Investment Management Co. LLC purchased a new stake in NSTS Bancorp during the 2nd quarter valued at about $151,000. BlackRock Inc. bought a new position in NSTS Bancorp during the 2nd quarter worth approximately $223,000. Finally, Roberts Glore & Co. Inc. IL bought a new position in NSTS Bancorp during the 2nd quarter worth approximately $502,000. Hedge funds and other institutional investors own 23.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NSTS Bancorp in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

NSTS Bancorp Stock Up 0.1%

Shares of NSTS opened at $14.01 on Friday. The stock has a market capitalization of $73.55 million, a P/E ratio of -1,401.00 and a beta of 0.22. The firm has a fifty day simple moving average of $13.82 and a two-hundred day simple moving average of $13.09. NSTS Bancorp, Inc. has a twelve month low of $10.72 and a twelve month high of $14.04.

NSTS Bancorp (NASDAQ:NSTS) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. NSTS Bancorp had a negative net margin of 0.31% and a negative return on equity of 0.05%. The firm had revenue of $2.32 million during the quarter.

NSTS Bancorp Profile

NSTS Bancorp, Inc operates as a savings and loan holding company for North Shore Trust and Savings that provides banking products and services in Illinois. The company offers interest-bearing and noninterest-bearing checking, money market, savings, and time deposit accounts; and one- to four-family residential mortgage, multi-family and commercial real estate mortgage, construction, home equity, and consumer loans. It operates through full-service banking offices in Lake County, Illinois; and one loan production office in Chicago.