ASB Bancorp (ASBB) Getting Somewhat Favorable News Coverage, Report Shows

News articles about ASB Bancorp (NASDAQ:ASBB) have trended somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ASB Bancorp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.4188057135352 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Separately, TheStreet lowered ASB Bancorp from a “b” rating to a “c+” rating in a research note on Monday, August 28th.

Shares of ASB Bancorp (NASDAQ ASBB) traded up $0.35 on Tuesday, hitting $45.10. The company had a trading volume of 31,000 shares, compared to its average volume of 12,044. ASB Bancorp has a twelve month low of $25.73 and a twelve month high of $46.00.

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ASB Bancorp Company Profile

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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