Dimensional Fund Advisors LP grew its stake in shares of ASB Bancorp Inc (NASDAQ:ASBB) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,870 shares of the bank’s stock after buying an additional 303 shares during the quarter. Dimensional Fund Advisors LP owned 0.22% of ASB Bancorp worth $346,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Context BH Capital Management LP bought a new stake in shares of ASB Bancorp in the second quarter worth about $7,575,000. Vanguard Group Inc. lifted its holdings in ASB Bancorp by 142.8% in the second quarter. Vanguard Group Inc. now owns 82,901 shares of the bank’s stock worth $3,643,000 after buying an additional 48,762 shares during the period. Northern Trust Corp purchased a new stake in ASB Bancorp in the second quarter worth about $1,317,000. Bank of New York Mellon Corp purchased a new stake in ASB Bancorp in the second quarter worth about $408,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in ASB Bancorp in the second quarter worth about $336,000. 36.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ASB Bancorp Inc (NASDAQ:ASBB) opened at $45.10 on Thursday. ASB Bancorp Inc has a 1-year low of $25.73 and a 1-year high of $46.00.
Separately, TheStreet lowered shares of ASB Bancorp from a “b” rating to a “c+” rating in a report on Monday, August 28th.
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About ASB Bancorp
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. It operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.
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