Trading was light with 0 shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 100.00% under the normal average daily volume.
Short traders are feeling a little more bearish on ASB Bancorp, Inc. of late looking at the rise in short interest. The company experienced a rise in short interest of 26.84% as of the latest report on September 29, 2017. Short interest increased 25,028 over that period. The short-interest ratio decreased to 7.0 and the percentage of shorted shares was 0.03% on September 29.
A few notable investment firms have updated their holdings. As of the end of the quarter Blackrock Inc. had disposed of 13,633 shares trimming its holdings by 97.1%. The value of the investment in ASB Bancorp, Inc. went from $477,000 to $18,000 a change of 96.2% quarter to quarter. As of quarter end Rmb Capital Management, LLC had sold a total of 28,037 shares trimming its position 12.5%. The value of the investment in ASBB increased from $7,632,000 to $8,633,000 a change of $1,001,000 since the last quarter.
Ubs Group Ag trimmed its holdings by shedding 41 shares a decrease of 15.2% in the quarter. Ubs Group Ag now holds 229 shares valued at $10,000. The total value of its holdings increased 11.1%. Strs Ohio downsized its ownership by selling 800 shares a decrease of 100.0%. Strs Ohio owns 0 shares worth $0. The value of the position overall is down by 100.0%.
The company is so far trading up by 0.78% since yesterday’s close of $45.10. The stock last traded at $45.10 which is just over the 50 day moving average which is $44.03 and slightly over the 200 day moving average of $41.21. The 50 day moving average went up $1.07 or +2.43% and the 200 day average went up by +9.44%.
The company’s P/E ratio is 118.37 and market cap is 158.80M.
ASB Bancorp, Inc., launched on May 12, 2011, is the holding company for Asheville Savings Bank (the Bank). The Business’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 consumers 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 customers non-deposit investment products, including mutual funds, debt, equity and government securities, retirement accounts, insurance products, and fixed and variable annuities. The Business’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 Business’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..