Seidman Lawrence B buys $6,709,717 stake in ASB Bancorp Inc (ASBB)

ASB Bancorp Inc (ASBB) : Seidman Lawrence B scooped up 479 additional shares in ASB Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 266,153 shares of ASB Bancorp Inc which is valued at $6,709,717.ASB Bancorp Inc makes up approximately 4.44% of Seidman Lawrence B’s portfolio.

Other Hedge Funds, Including , Mendon Capital Advisors Corp reduced its stake in ASBB by selling 700 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 139,779 shares of ASBB which is valued at $3,483,293. ASB Bancorp Inc makes up approx 0.63% of Mendon Capital Advisors Corp’s portfolio.

ASB Bancorp Inc opened for trading at $25.31 and hit $25.31 on the upside on Wednesday, eventually ending the session at $25.31, with a gain of 0.44% or 0.1101 points. The heightened volatility saw the trading volume jump to 339 shares. Company has a market cap of $96 M.

ASB Bancorp Inc. is the holding company for Asheville Savings Bank (the Bank). The Company’s principal business activity is the ownership of the outstanding shares of common stock of the Bank. The Bank is a chartered savings bank that offers traditional financial services to consumers and businesses in its primary market area. The Bank accepts deposits from the general public and uses these funds to originate primarily one-to-four family residential mortgage loans and commercial real estate loans and to a lesser extent home equity loans and lines of credit consumer loans construction and land development loans and commercial and industrial loans. The Bank through a third-party registered broker-dealer offers its customers a complete range of non-deposit investment products including mutual funds debt equity and government securities retirement accounts insurance products and fixed and variable annuities.

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