Ownership Don’t Lie: First South Bancorp Inc (NASDAQ:FSBK) Institutional Investors 2016 Q2 Sentiment

November 17, 2016 - By kentuckypostne   ·   0 Comments

Ownership Don't Lie: First South Bancorp Inc (NASDAQ:FSBK) Institutional Investors  2016 Q2 Sentiment

Sentiment for First South Bancorp Inc (NASDAQ:FSBK)

First South Bancorp Inc (NASDAQ:FSBK) institutional sentiment increased to 1.2 in Q2 2016. Its up 0.31, from 0.89 in 2016Q1. The ratio has improved, as 12 hedge funds started new or increased positions, while 10 sold and decreased their positions in First South Bancorp Inc. The hedge funds in our partner’s database now possess: 1.73 million shares, down from 1.83 million shares in 2016Q1. Also, the number of hedge funds holding First South Bancorp Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 7 Increased: 9 New Position: 3.

First South Bancorp, Inc. is the bank holding firm for First South Bank . The company has a market cap of $93.70 million. Through the Bank, the Company operates a commercial banking business. It has a 14.6 P/E ratio. The Bank is a North Carolina chartered commercial bank.

The stock increased 2.98% or $0.29 on November 16, hitting $10.02. First South Bancorp, Inc. (NASDAQ:FSBK) has risen 20.00% since April 15, 2016 and is uptrending. It has outperformed by 15.38% the S&P500.

According to Zacks Investment Research, “First South Bancorp, Inc. serves as the holding company for First South Bank.”

Gendell Jeffrey L holds 0.36% of its portfolio in First South Bancorp, Inc. for 189,910 shares. Basswood Capital Management L.L.C. owns 378,484 shares or 0.2% of their US portfolio. Moreover, Maltese Capital Management Llc has 0.1% invested in the company for 83,264 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Acadian Asset Management Llc, a Massachusetts-based fund reported 566 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 4 buys, and 0 selling transactions for $42,063 net activity.

FSBK Company Profile

First South Bancorp, Inc., incorporated on January 7, 1999, is the bank holding firm 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. The Bank’s principal business consists of attracting deposits from the general public and investing the funds in commercial real estate loans, commercial and industrial business loans, consumer loans and loans secured by first and second mortgages on owner-occupied, single-family residences in the Bank’s market area. The Bank’s income consists of interest and fees earned on loans and investments, loan servicing and other fees, gains on the sale of loans and investments, and service charges and fees collected on deposit accounts. The Bank’s expenses consist of interest expense on deposits and borrowings and noninterest expense, such as compensation and employee benefits, occupancy expenses, Federal Deposit Insurance Corporation (FDIC) insurance, and other miscellaneous expenses. The Bank makes loans and obtains deposits across eastern and central North Carolina.

More notable recent First South Bancorp, Inc. (NASDAQ:FSBK) news were published by: Prnewswire.com which released: “First South Bancorp, Inc. Declares Quarterly Cash Dividend” on October 21, 2016, also Prnewswire.com with their article: “First South Bancorp, Inc. Reports 53% and 59% Increase in Quarterly and YTD …” published on October 20, 2016, Prnewswire.com published: “First South Bancorp, Inc. Reports June 30, 2016 Quarterly and Six Months …” on July 21, 2016. More interesting news about First South Bancorp, Inc. (NASDAQ:FSBK) were released by: Equitiesfocus.com and their article: “First South Bancorp Inc (NASDAQ:FSBK) Quarterly EPS From Continuing Operations …” published on November 16, 2016 as well as Prnewswire.com‘s news article titled: “First South Bank Announces Purchase of Mortgage Servicing Rights Portfolio” with publication date: July 25, 2016.

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By kentuckypostne


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