Insider Buying: First South Bancorp CEO Acquires 7,300 Shares of Stock (FSBK)
First South Bancorp (NASDAQ:FSBK) CEO Bruce W. Elder bought 7,300 shares of First South Bancorp stock on the open market in a transaction dated Thursday, September 4th. The shares were purchased at an average cost of $7.77 per share, with a total value of $56,721.00. Following the completion of the transaction, the chief executive officer now directly owns 3,400 shares in the company, valued at approximately $26,418. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
First South Bancorp (NASDAQ:FSBK) traded up 3.31% during mid-day trading on Thursday, hitting $7.80. 15,447 shares of the company’s stock traded hands. First South Bancorp has a 52-week low of $6.04 and a 52-week high of $8.81. The stock has a 50-day moving average of $7.6 and a 200-day moving average of $8.11. The company has a market cap of $74.9 million and a P/E ratio of 14.44.
First South Bancorp, Inc serves as the holding company for First South Bank (NASDAQ:FSBK), a state-chartered commercial bank.
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