FB Bancorp (NASDAQ:FBLA) Issues Earnings Results

FB Bancorp (NASDAQ:FBLA) announced its earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports. FB Bancorp had a negative return on equity of 1.62% and a negative net margin of 5.40%.The business had revenue of $18.74 million during the quarter.

FB Bancorp Stock Performance

Shares of NASDAQ:FBLA traded down $0.01 on Thursday, hitting $12.26. 3,913 shares of the company were exchanged, compared to its average volume of 91,557. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.20. FB Bancorp has a 1-year low of $9.81 and a 1-year high of $12.74. The stock’s 50 day moving average price is $12.06 and its 200 day moving average price is $11.66. The firm has a market capitalization of $243.24 million and a P/E ratio of 136.22.

Institutional Investors Weigh In On FB Bancorp

Institutional investors have recently bought and sold shares of the company. BlackBarn Capital Partners LP raised its stake in FB Bancorp by 51.2% in the 1st quarter. BlackBarn Capital Partners LP now owns 604,700 shares of the company’s stock valued at $6,809,000 after purchasing an additional 204,700 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of FB Bancorp by 43.3% in the first quarter. Goldman Sachs Group Inc. now owns 97,507 shares of the company’s stock valued at $1,098,000 after buying an additional 29,452 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of FB Bancorp in the first quarter worth about $225,000. PDT Partners LLC acquired a new position in FB Bancorp during the first quarter worth about $205,000. Finally, M3F Inc. acquired a new stake in FB Bancorp in the 1st quarter valued at about $130,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FBLA. Wall Street Zen lowered shares of FB Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FB Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.