First South Bancorp, Inc. (FSBK)’s Stock Is Buy After Reaching 52-Week High

June 19, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.43 in 2016 Q4. Its down 0.07, from 1.5 in 2016Q3. It dropped, as 2 investors sold First South Bancorp, Inc. shares while 5 reduced holdings. 1 funds opened positions while 9 raised stakes. 1.71 million shares or 0.24% less from 1.71 million shares in 2016Q3 were reported.
Wells Fargo Mn invested 0% in First South Bancorp, Inc. (NASDAQ:FSBK). Renaissance Technology Lc has 0% invested in First South Bancorp, Inc. (NASDAQ:FSBK). Gendell Jeffrey L holds 0.25% in First South Bancorp, Inc. (NASDAQ:FSBK) or 182,106 shares. 1,574 were accumulated by Acadian Asset Mgmt Limited Liability. Basswood Capital Mngmt Lc invested in 0.18% or 335,260 shares. Alliancebernstein Lp holds 0% or 72,319 shares. Blackrock Fund Advsr reported 39,909 shares. Nationwide Fund stated it has 0% in First South Bancorp, Inc. (NASDAQ:FSBK). Vanguard Group Inc Inc Inc invested in 179,386 shares or 0% of the stock. Morgan Stanley has invested 0% of its portfolio in First South Bancorp, Inc. (NASDAQ:FSBK). Moreover, Creative Planning has 0% invested in First South Bancorp, Inc. (NASDAQ:FSBK) for 5,998 shares. Pinnacle Hldgs Lc accumulated 73,730 shares. Moreover, Geode Ltd Liability Corporation has 0% invested in First South Bancorp, Inc. (NASDAQ:FSBK) for 41,863 shares. Financial Bank Of America De stated it has 0% of its portfolio in First South Bancorp, Inc. (NASDAQ:FSBK). Maltese Ltd Company has invested 0.13% of its portfolio in First South Bancorp, Inc. (NASDAQ:FSBK).

The stock of First South Bancorp, Inc. (NASDAQ:FSBK) hit a new 52-week high and has $17.10 target or 6.00 % above today’s $16.13 share price. The 6 months bullish chart indicates low risk for the $150.96M company. The 1-year high was reported on Jun, 19 by If the $17.10 price target is reached, the company will be worth $9.06 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 12,337 shares traded. First South Bancorp, Inc. (NASDAQ:FSBK) has risen 57.83% since June 19, 2016 and is uptrending. It has outperformed by 41.13% the S&P500.

Analysts await First South Bancorp, Inc. (NASDAQ:FSBK) to report earnings on July, 20.

More news for First South Bancorp, Inc. (NASDAQ:FSBK) were recently published by:, which released: “Out-of-state banks target another NC community competitor” on June 13, 2017.‘s article titled: “Carolina Financial Corporation Announces Agreement to Acquire First South …” and published on June 12, 2017 is yet another important article.

First South Bancorp, Inc. is the bank holding firm for First South Bank . The company has market cap of $150.96 million. Through the Bank, the Company operates a commercial banking business. It has a 20.85 P/E ratio. The Bank is a North Carolina chartered commercial bank.

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