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Asb Bancorp (NASDAQ:ASBB) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Tuesday.

The analysts wrote, “ASB Bancorp (ASBB) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity.”

Asb Bancorp (NASDAQ:ASBB) traded down 5.65% on Tuesday, hitting $19.535. 139 shares of the company’s stock traded hands. Asb Bancorp has a 52-week low of $16.35 and a 52-week high of $21.96. The stock’s 50-day moving average is $19.95 and its 200-day moving average is $18.24. The company has a market cap of $89.8 million and a P/E ratio of 84.86.

ASB Bancorp, Inc (NASDAQ:ASBB) focuses to become the holding company for Asheville Savings Bank, S.

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