First South Bancorp Inc (FSBK) Shares Sold by Alliancebernstein L.P.
Alliancebernstein L.P. reduced its stake in shares of First South Bancorp Inc (NASDAQ:FSBK) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,069 shares of the bank’s stock after selling 3,848 shares during the quarter. Alliancebernstein L.P. owned about 0.51% of First South Bancorp worth $795,000 at the end of the most recent quarter.
Separately, Stilwell Value LLC acquired a new stake in First South Bancorp during the 2nd quarter worth $1,000,000. 45.97% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of First South Bancorp Inc (NASDAQ:FSBK) opened at 19.79 on Tuesday. The firm has a market capitalization of $188.06 million, a price-to-earnings ratio of 24.13 and a beta of 0.47. First South Bancorp Inc has a 52 week low of $9.23 and a 52 week high of $20.37. The company’s 50-day moving average is $18.38 and its 200 day moving average is $16.29.
First South Bancorp (NASDAQ:FSBK) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $13.15 million for the quarter. First South Bancorp had a net margin of 16.53% and a return on equity of 10.10%.
About First South Bancorp
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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