First Reliance Bancshares (FSRL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
First Reliance Bancshares (FSRL) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
First Reliance Bancshares (FSRL) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
First Reliance Bancshares demonstrates robust growth in revenue, profits, and book value, supported by disciplined management and a focus on traditional banking services. FSRL's asset and credit quality metrics remain solid, with non-performing assets well below critical thresholds and return on equity rising impressively to 12.9%. The stock is attractively valued, trading at a 10.1x P/E and below peers on price-to-book and price-to-tangible-book, justifying a soft ‘buy' rating.
First Reliance Bancshares operates nine South Carolina branches with $1.1 billion in assets and a $780 million loan portfolio. FSRL's loan book is concentrated in commercial real estate (60.4%) and residential mortgages (28.3%), with limited commercial and industrial exposure. Deposit trends were impacted by the sale of North Carolina branches, but underlying growth remains, with 30.5% in non-interest-bearing accounts.
First Reliance Bancshares (FSRL) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
First Reliance Bancshares (FSRL) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
First Reliance Bancshares Inc. (FSRL) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.17 per share a year ago.
First Reliance Bancshares (FSRL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
First Reliance Bancshares Inc. (FSRL) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.21 per share a year ago.
If you are looking for stocks that are well positioned to maintain their recent uptrend, First Reliance Bancshares (FSRL) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
First Reliance Bancshares (FSRL) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.