First Seacoast Bancorp director buys $9,350 in company stock By Investing.com

In a recent transaction, Mark P. Boulanger, a director at First Seacoast Bancorp, Inc. (NASDAQ:FSEA), purchased shares of the company’s common stock, signaling his confidence in the financial institution. The buy, which took place on August 19, 2024, involved 1,000 shares at a price of $9.35 each, amounting to a total investment of $9,350.

This transaction has increased Boulanger’s direct holdings in the company, as indicated by the SEC filing. The purchase is notable as it reflects a director’s belief in the company’s potential and future performance. The acquired shares are held indirectly by a trust, showcasing a structured approach to the investment.

First Seacoast Bancorp, based in Dover (NYSE:), New Hampshire, operates as a federally chartered savings institution. The company has been serving its community with various financial services and continues to be a staple in the local economy.

In addition to the recent acquisition, the filing also revealed that Boulanger holds other shares in the company, including restricted stock and stock options that are subject to vesting periods. According to the footnotes in the SEC document, the restricted shares will vest at a rate of 33 1/3% per year starting from November 18, 2022. Similarly, the stock options will vest at the same rate beginning on May 25, 2024.

Investors often monitor insider transactions such as these for insights into how company executives view the financial health and prospects of their organizations. While such transactions are a regular part of insider activity, they can sometimes provide valuable context for the market’s perception of a company’s value.

First Seacoast Bancorp’s shares are traded on the NASDAQ exchange under the ticker symbol FSEA. The company’s commitment to its mission and community-focused approach has been a cornerstone of its operations for years. With this recent purchase by a key insider, the market will be watching to see how this investment aligns with First Seacoast Bancorp’s performance in the coming quarters.

InvestingPro Insights

Amidst the recent insider transaction at First Seacoast Bancorp, Inc. (NASDAQ:FSEA), where director Mark P. Boulanger increased his stake in the company, it’s revealing to look at the financial metrics and market performance of the company for a broader investment context. According to InvestingPro data, First Seacoast Bancorp has a market capitalization of $41.71 million, which positions it within the small-cap sector of the market. The company’s Price to Earnings (P/E) ratio stands at -4.43, reflecting its current lack of profitability over the last twelve months.

The company’s stock is currently trading near its 52-week high, with a price that is 98.1% of this peak, suggesting a strong recent performance in the market. Despite this, the company does not pay a dividend, indicating that it may be reinvesting earnings back into growth or operational improvements. Two notable InvestingPro Tips for First Seacoast Bancorp include a high shareholder yield and weak gross profit margins, which can be critical factors for investors to consider.

Another key metric to consider is the company’s revenue growth, which has seen a quarterly increase of 79.35% as of the last twelve months ending Q2 2024. However, the overall revenue growth rate for the same period has declined by 28.22%, highlighting the volatility and challenges in generating consistent sales growth. For investors seeking further insights, there are additional InvestingPro Tips available, which can be found on the InvestingPro platform for First Seacoast Bancorp, providing a deeper dive into the company’s financial health and market potential.

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