JFB Construction (NASDAQ:JFB) Shares Scheduled to Split on Tuesday, March 24th

JFB Construction Holding (NASDAQ:JFB)’s stock is going to split before the market opens on Tuesday, March 24th. The 2-1 split was announced on Tuesday, March 10th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, March 23rd.

JFB Construction Price Performance

Shares of JFB stock opened at $18.54 on Monday. JFB Construction has a 12-month low of $3.54 and a 12-month high of $35.10. The company has a market cap of $129.97 million and a price-to-earnings ratio of -50.11. The business has a 50 day simple moving average of $21.83.

Analyst Ratings Changes

Several research analysts have recently issued reports on JFB shares. Weiss Ratings reissued a “sell (d-)” rating on shares of JFB Construction in a research note on Monday, December 29th. Wall Street Zen upgraded shares of JFB Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On JFB Construction

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 683 Capital Management LLC acquired a new stake in JFB Construction in the fourth quarter worth approximately $389,000. Marshall Wace LLP acquired a new position in shares of JFB Construction during the 4th quarter valued at $604,000. Geode Capital Management LLC raised its stake in shares of JFB Construction by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after buying an additional 2,168 shares in the last quarter. Yorkville Advisors Global LP acquired a new stake in shares of JFB Construction in the third quarter valued at $258,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of JFB Construction in the third quarter valued at $258,000.

About JFB Construction

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.