Today’s Stock On Watch: Asb Bancorp Inc (NASDAQ:ASBB) Move Up as Institutional Investors’ Sentiment Falls

November 18, 2016 - By Ellis Scott   ·   0 Comments

Today's Stock On Watch: Asb Bancorp Inc (NASDAQ:ASBB) Move Up as Institutional Investors' Sentiment  Falls

Sentiment for Asb Bancorp Inc (NASDAQ:ASBB)

Asb Bancorp Inc (NASDAQ:ASBB) institutional sentiment increased to 0.63 in 2016 Q2. Its up 0.27, from 0.36 in 2016Q1. The ratio has improved, as 4 active investment managers increased or opened new equity positions, while 11 decreased and sold their stock positions in Asb Bancorp Inc. The active investment managers in our partner’s database now have: 1.11 million shares, down from 1.25 million shares in 2016Q1. Also, the number of active investment managers holding Asb Bancorp Inc in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 5 Reduced: 6 Increased: 3 New Position: 1.

ASB Bancorp, Inc. is the holding company for Asheville Savings Bank . The company has a market cap of $107.67 million. The Company’s principal business activity is the ownership of the outstanding shares of common stock of the Bank. It has a 18.58 P/E ratio. The Bank is a chartered savings bank.

It is down 8.46% since April 18, 2016 and is uptrending. It has outperformed by 4.03% the S&P500.

According to Zacks Investment Research, “ASB Bancorp, Inc. is engaged in providing personal and business banking services. It offers family residential mortgage loans, commercial real estate loans, home equity loans and lines of credit, consumer loans, construction and land development loans and industrial loans. The bank also provides online banking, cash management, and retirement planning services. ASB operates in many areas including Asheville, North Carolina along with Buncombe County, Henderson, Madison, McDowell and Transylvania Counties. ASB Bancorp, Inc. is based in Asheville, North Carolina.”

Seidman Lawrence B holds 4.47% of its portfolio in ASB Bancorp Inc for 266,153 shares. Mendon Capital Advisors Corp owns 139,779 shares or 0.35% of their US portfolio. Moreover, Rmb Capital Management Llc has 0.35% invested in the company for 276,970 shares. The Ohio-based Elizabeth Park Capital Advisors Ltd. has invested 0.19% in the stock. Altavista Wealth Management Inc., a North Carolina-based fund reported 10,484 shares.#img1#

ASBB Company Profile

ASB Bancorp, Inc., incorporated on May 12, 2011, is the holding firm 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. The Bank operates as a community-oriented financial institution offering traditional financial services to clients and businesses in its primary market area. The Bank accepts deposits from the public and uses these funds to originate loans. The Bank, through a third-party registered broker-dealer, offers its clients non-deposit investment products, including mutual funds, debt, equity and government securities, retirement accounts, insurance products, and fixed and variable annuities. The Company’s primary market area is Asheville, North Carolina and the rest of Buncombe County where it has over eight branch offices, as well as Henderson, Madison, McDowell and Transylvania Counties where it has over five branch offices and a loan production office in Mecklenburg County. The Bank is the Company’s sole subsidiary. The Bank has approximately two subsidiaries, Appalachian Financial Services, Inc., formed to engage in investment activities, and Wenoca, Inc., which serves as the Bank’s trustee regarding deeds of trust.

More notable recent ASB Bancorp Inc (NASDAQ:ASBB) news were published by: Prnewswire.com which released: “ASB Bancorp, Inc. Reports Financial Results For The Third Quarter And Nine …” on October 28, 2016, also Prnewswire.com with their article: “ASB Bancorp, Inc. Names New Director” published on September 19, 2014, Streetinsider.com published: “Form 8-K ASB Bancorp Inc For: Aug 25” on August 25, 2015. More interesting news about ASB Bancorp Inc (NASDAQ:ASBB) were released by: Streetinsider.com and their article: “Form 8-K ASB Bancorp Inc For: Feb 11” published on February 11, 2015 as well as Finance.Yahoo.com‘s news article titled: “ASB Bancorp posts 3Q profit” with publication date: July 31, 2015.

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By Ellis Scott


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