Raffles Associates LP purchased a new position in shares of FB Bancorp, Inc. (NASDAQ:FBLA – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 97,099 shares of the company’s stock, valued at approximately $1,462,000. FB Bancorp comprises 1.2% of Raffles Associates LP’s portfolio, making the stock its 23rd biggest position.
Several other large investors have also recently added to or reduced their stakes in FBLA. Russell Investments Group Ltd. purchased a new stake in FB Bancorp in the 3rd quarter valued at approximately $44,000. New York State Common Retirement Fund acquired a new position in FB Bancorp during the 2nd quarter worth approximately $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in FB Bancorp during the 2nd quarter worth approximately $110,000. Raymond James Financial Inc. purchased a new position in shares of FB Bancorp during the 3rd quarter worth approximately $120,000. Finally, XTX Topco Ltd purchased a new position in shares of FB Bancorp during the 4th quarter worth approximately $130,000.
Analysts Set New Price Targets
Several analysts have recently commented on FBLA shares. Weiss Ratings upgraded FB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded FB Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
FB Bancorp Stock Down 0.5%
FB Bancorp stock opened at $15.74 on Friday. FB Bancorp, Inc. has a fifty-two week low of $11.66 and a fifty-two week high of $16.00. The firm has a market capitalization of $251.05 million, a price-to-earnings ratio of -1,572.43 and a beta of -0.08. The stock’s fifty day moving average is $15.38 and its two-hundred day moving average is $14.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 0.97.
FB Bancorp (NASDAQ:FBLA – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.05 earnings per share (EPS) for the quarter. FB Bancorp had a positive return on equity of 0.91% and a negative net margin of 0.36%.The business had revenue of $14.14 million during the quarter.
FB Bancorp 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.
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