FB Bancorp (NASDAQ:FBLA) Shares Down 0.5% – Here’s What Happened

FB Bancorp, Inc. (NASDAQ:FBLA) was down 0.5% during mid-day trading on Monday . The stock traded as low as $12.71 and last traded at $12.74. Approximately 40,460 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 88,696 shares. The stock had previously closed at $12.80.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of FB Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of FB Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

FB Bancorp Stock Performance

The company has a market capitalization of $252.76 million, a P/E ratio of 84.93 and a beta of 0.11. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $12.86 and its 200 day moving average is $12.25.

FB Bancorp (NASDAQ:FBLA) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.06 earnings per share (EPS) for the quarter. FB Bancorp had a negative return on equity of 0.81% and a negative net margin of 3.08%.The company had revenue of $18.74 million for the quarter.

Hedge Funds Weigh In On FB Bancorp

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in FB Bancorp by 17.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,301 shares of the company’s stock worth $941,000 after purchasing an additional 11,633 shares during the period. Focus Partners Wealth purchased a new stake in shares of FB Bancorp in the 3rd quarter worth about $310,000. Bank of America Corp DE boosted its stake in shares of FB Bancorp by 64.9% during the 3rd quarter. Bank of America Corp DE now owns 92,127 shares of the company’s stock valued at $1,107,000 after purchasing an additional 36,242 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of FB Bancorp by 18.4% during the 3rd quarter. Alliancebernstein L.P. now owns 783,690 shares of the company’s stock valued at $9,420,000 after purchasing an additional 121,780 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of FB Bancorp during the third quarter valued at about $240,000.

FB Bancorp Company Profile

FB Bancorp Inc operates as a bank holding company for Fidelity Bank. The Company, through its subsidiaries, provides deposit accounts, mortgages, home equity and consumer loans, credit and debit cards, online and mobile banking, investments and other financial services. FB Bancorp Inc is based in New Orleans.