Can ASB Bancorp Inc. (NASDAQ:ASBB) make you poor?

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WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of ASB Bancorp, Inc. (“ASBB” or the “Company”) in connection with the proposed acquisition of the Company by First National Bancorp, Inc. (“FNLC”). Under the terms of the agreement, ASBB shareholders will receive 1.44 shares of FNLC or $41.90 in cash, or a combination thereof, for each share they own.

Shares of ASB Bancorp, Inc. (NASDAQ:ASBB) last traded at $40.50. The company’s performance year to date is 36.13%. The 200 day simple moving average is 40.88%. The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.

As per recent filings, ASB Bancorp, Inc. (NASDAQ:ASBB) has an insider ownership of 2.60%.

ASB Bancorp, Inc. is engaged in providing personal and business banking services. It offers family residential mortgage loans, commercial real estate loans, home equity loans and lines of credit, consumer loans, construction and land development loans and industrial loans. The bank also provides online banking, cash management, and retirement planning services. ASB operates in many areas including Asheville, North Carolina along with Buncombe County, Henderson, Madison, McDowell and Transylvania Counties. ASB Bancorp, Inc. is based in Asheville, North Carolina.

ASB Bancorp, Inc. (NASDAQ:ASBB) has been storming Wallstreet with solid press release. Recently, the company announced that according to the March 2017 study commissioned by RetailMeNot and conducted by Forrester Consulting, the company’s mobile marketing solutions generate a three-year, risk-adjusted return on investment (ROI) of 4.3x.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 36.95 and 33.76 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 77.20 suggesting a bullish price action.

ASB Bancorp, Inc. (NASDAQ:ASBB) is all set to announce its earnings on May 12. As per Zack’s analyst ratings, ASB Bancorp, Inc. (NASDAQ:ASBB) currently has an average brokerage rating of . On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:ASBB) is $ with a high of $ and a low of $.

The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend.

As such, while we believe ASB Bancorp, Inc. (NASDAQ:ASBB) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

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