FB Bancorp, Inc. (NASDAQ:FBLA – Get Free Report)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $16.54 and traded as high as $16.65. FB Bancorp shares last traded at $16.61, with a volume of 44,987 shares.
Analysts Set New Price Targets
Several analysts recently weighed in on FBLA shares. Weiss Ratings upgraded FB Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Wall Street Zen upgraded FB Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Research Report on FBLA
FB Bancorp Stock Performance
The company has a debt-to-equity ratio of 0.39, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $264.93 million, a PE ratio of -1,659.34 and a beta of -0.10. The firm has a fifty day moving average price of $16.54 and a two-hundred day moving average price of $14.84.
FB Bancorp (NASDAQ:FBLA – Get Free Report) last posted its quarterly earnings data on Friday, November 6th. The company reported $0.03 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 company had revenue of $13.15 million during the quarter.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in FB Bancorp in the 2nd quarter valued at about $18,940,000. Renaissance Technologies LLC grew its stake in FB Bancorp by 31.3% in the 1st quarter. Renaissance Technologies LLC now owns 266,500 shares of the company’s stock worth $3,662,000 after acquiring an additional 63,600 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of FB Bancorp by 74.1% during the first quarter. Dimensional Fund Advisors LP now owns 132,308 shares of the company’s stock worth $1,818,000 after acquiring an additional 56,333 shares during the period. Raffles Associates LP purchased a new position in shares of FB Bancorp during the second quarter worth approximately $1,462,000. Finally, Bank of America Corp DE purchased a new position in shares of FB Bancorp during the second quarter worth approximately $1,056,000.
About FB Bancorp
FB Bancorp, Inc. is the bank holding company for First Bank, a community-focused financial institution headquartered in Hamilton, New Jersey. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations. First Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include commercial real estate loans, commercial and industrial financing, residential and consumer loans, construction lending and other credit products designed to support local businesses and households.
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