First South Bancorp, Inc. (FSBK) Lifted to Buy at ValuEngine
First South Bancorp, Inc. (NASDAQ:FSBK) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.
Shares of First South Bancorp (NASDAQ:FSBK) traded up 1.94% during mid-day trading on Friday, reaching $14.68. 4,344 shares of the company were exchanged. The company has a market capitalization of $139.46 million, a price-to-earnings ratio of 18.92 and a beta of 0.38. The firm’s 50-day moving average is $13.24 and its 200-day moving average is $12.16. First South Bancorp has a 12 month low of $9.05 and a 12 month high of $14.68.
First South Bancorp (NASDAQ:FSBK) last posted its earnings results on Thursday, April 20th. The bank reported $0.20 earnings per share (EPS) for the quarter. First South Bancorp had a net margin of 13.81% and a return on equity of 8.04%. The business had revenue of $11.96 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Monday, May 8th were paid a $0.035 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This is a positive change from First South Bancorp’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a yield of 0.95%. First South Bancorp’s dividend payout ratio (DPR) is presently 19.18%.
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First South Bancorp Company Profile
First South Bancorp, Inc is the bank holding company for First South Bank (the Bank). Through the Bank, the Company operates a commercial banking business. The Bank is a North Carolina chartered commercial bank. The Bank’s segment is providing general commercial banking services to its markets located in the state of North Carolina.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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