Boston, MA 06/06/2013 (wallstreetpr) – The shares of First Security Group Inc. (NASDAQ:FSGI) had surged by 8.43 percent to close at $4.50 per share for the end of last trading session on Wednesday. The shares of the company had been trading in the range of $3.95 to $4.78 per share during the day, before closing at $0.35 per share higher than the previous close on Tuesday. The shares of First Security Group Inc. (NASDAQ:FSGI) had recorded 52 week low price level of $1.30 per share and 52 week high price level of $7.45 per share.
First Security Group Inc. (NASDAQ:FSGI), which operates through its wholly owned subsidiary FSG Bank is a bank holding company. The Bank presently operates 30 full service banking offices to serve the banking and other financial needs of customers in the eastern and middle Tennessee, as well as northern Georgia. The FSG Bank offers a wide range of lending services secured by single and multifamily real estate, residential construction and owner occupied commercial buildings.
Further, the First Security Group Inc. (NASDAQ:FSGI) also offers other services such as lending to small and medium businesses, deposit services like savings deposits, money market deposits, certificates of deposit, etc.
The shares of First Security Group Inc. (NASDAQ:FSGI) had witnessed a trading volume of 46,613 shares on Wednesday, while the average trading volume is at 80,417 shares per day. The company presently holds 62.46 million shares outstanding in the market and the institutional ownership in the bank holding company is at 10 percent.
