FB Bancorp, Inc. (NASDAQ:FBLA – Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 450,555 shares, a decline of 16.0% from the March 31st total of 536,465 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 161,324 shares, the short-interest ratio is currently 2.8 days.
Institutional Trading of FB Bancorp
A number of institutional investors have recently made changes to their positions in the business. Peapod Lane Capital LLC acquired a new position in FB Bancorp during the 3rd quarter valued at about $840,000. Rhumbline Advisers acquired a new stake in FB Bancorp in the second quarter worth about $192,000. Trexquant Investment LP purchased a new stake in shares of FB Bancorp during the fourth quarter worth about $173,000. First Trust Advisors LP acquired a new position in shares of FB Bancorp during the second quarter valued at about $142,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of FB Bancorp by 185.4% during the fourth quarter. Russell Investments Group Ltd. now owns 10,563 shares of the company’s stock valued at $136,000 after acquiring an additional 6,862 shares in the last quarter.
FB Bancorp Stock Up 0.3%
FBLA stock traded up $0.04 during trading on Friday, reaching $14.02. 94,394 shares of the company traded hands, compared to its average volume of 121,550. The business has a 50 day simple moving average of $13.59 and a 200 day simple moving average of $13.03. FB Bancorp has a 12 month low of $10.71 and a 12 month high of $14.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $240.58 million and a price-to-earnings ratio of 200.29.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on FBLA shares. Wall Street Zen lowered FB Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings restated a “sell (d)” rating on shares of FB Bancorp in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, FB Bancorp has a consensus rating of “Sell”.
View Our Latest Stock Report on FB Bancorp
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.
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