Here is the rundown on market activity for First South Bancorp Inc (NASDAQ:FSBK). EVP Paul S. Jaber acquired 385 shares at an average price of $9.50 on Fri the 16th. That brings Jaber’s holdings to $125,970 as reported to the SEC. Lindsey A. Crisp, Director disclosed the purchase of 8,400 shares of FSBK stock. The shares were bought on April 21st for an average price of $8.49. Crisp now owns $16,556 of the stock according to the SEC filing.
Bruce W. Elder, President & CEO reported the purchase of 800 shares. The shares were purchased at an average price of $8.45. The President & CEO now owns $25,139 of the stock per the Form 4 SEC filing.
Here are a few other firms who have also updated their positions. As of the end of the quarter Bridgeway Capital Management Inc had acquired 23,658 shares growing its holdings by 71.0%. The value of the investment in First South Bancorp Inc went from $275,000 to $532,000 a change of 93.5% for the reporting period. As of quarter end Goldman Sachs Group Inc had sold a total of 4,359 shares trimming its stake by 14.9%. The value of the investment in FSBK decreased from $241,000 to $232,000 decreasing 3.7% quarter over quarter.
As of quarter end Renaissance Technologies LLC had bought a total of 11,498 shares growing its position 11.2%. The value of the total investment in First South Bancorp Inc went from $851,000 to $1,070,000 a change of $219,000 quarter to quarter. Federated Investors Inc /pa/ divested its stake by selling 89 shares a decrease of 44.3% as of 06/30/2016. Federated Investors Inc /pa/ now controls 112 shares worth $1,000. The value of the position overall is down by 50.0%.
The company is so far trading up since yesterday’s close of $9.74. Additionally the company recently declared a dividend for shareholders that was paid on Friday the 19th of August 2016. The dividend was $0.030 per share for the quarter which comes to $0.12 on an annualized basis. This dividend represents a yeild of $1.23 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Friday the 5th of August 2016.
It is currently trading at $9.86 just above the 50 day moving average which is $9.77 and a tad above the 200 day moving average of $9.15. The 50 day moving average moved up $0.19 and the 200 day average went up by +8.81%.
First South Bancorp Inc currently has a P/E ratio of 16.33 and the market value is 94.56M. Investors are more bullish on First South Bancorp Inc recently if you look at the fall in short interest. The firm had a fall in short interest of -0.23% as of the latest report on September 15, 2016. Short interest fell 3,913 over that timeframe. The short-interest ratio increased to 4.7 and the percentage of shorted shares is 0.00% as of September 15.