November 24, 2016 - By Marie Mckinney · 0 Comments
The stock of Asb Bancorp Incorporated (NASDAQ:ASBB) registered a decrease of 7.69% in short interest. ASBB’s total short interest was 7,200 shares in November as published by FINRA. Its down 7.69% from 7,800 shares, reported previously. With 300 shares average volume, it will take short sellers 24 days to cover their ASBB’s short positions. The short interest to Asb Bancorp Incorporated’s float is 0.27%. The stock increased 0.36% or $0.1 on November 23, hitting $27.85. About 1,854 shares traded hands or 45.30% up from the average. ASB Bancorp Inc (NASDAQ:ASBB) has risen 5.37% since April 22, 2016 and is uptrending. It has underperformed by 0.04% the S&P500.
ASB Bancorp, Inc. is the holding company for Asheville Savings Bank . The company has a market cap of $106.63 million. The Company’s principal business activity is the ownership of the outstanding shares of common stock of the Bank. It has a 18.85 P/E ratio. The Bank is a chartered savings bank.
Insitutional Activity: The institutional sentiment increased to 0.63 in Q2 2016. Its up 0.27, from 0.36 in 2016Q1. The ratio increased, as 5 funds sold all ASB Bancorp Inc shares owned while 6 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 1.11 million shares or 11.64% less from 1.25 million shares in 2016Q1.
Blackrock Invest Management Ltd Co last reported 565 shares in the company. Wellington Llp last reported 135,349 shares in the company. Elizabeth Park Cap Advisors accumulated 17,792 shares or 0.19% of the stock. Altavista Wealth Management owns 10,484 shares or 0.14% of their US portfolio. Mendon Cap Advsrs accumulated 0.35% or 139,779 shares. Seidman Lawrence B accumulated 4.47% or 266,153 shares. Bridgeway Mgmt holds 0.01% or 21,000 shares in its portfolio. Clark Estates Inc New York has 28,825 shares for 0.14% of their US portfolio. Rmb Capital Mngmt Ltd Liability Com holds 0.35% of its portfolio in ASB Bancorp Inc (NASDAQ:ASBB) for 276,970 shares. Creative Planning accumulated 0% or 27,000 shares. Seizert Capital has 0.01% invested in the company for 11,170 shares. Moreover, Ladenburg Thalmann Fincl has 0% invested in ASB Bancorp Inc (NASDAQ:ASBB) for 200 shares. Wells Fargo Com Mn reported 1,000 shares or 0% of all its holdings. Blackrock Fund Advisors last reported 0% of its portfolio in the stock. Alliancebernstein Ltd Partnership has 0% invested in the company for 63,707 shares.
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 important 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 published article titled: “ASB Bancorp, Inc. Names New Director”, 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) was released by: Streetinsider.com and their article: “Form 8-K ASB Bancorp Inc For: Feb 11” with publication date: February 11, 2015.
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By Marie Mckinney