FB Bancorp (NASDAQ:FBLA) Stock Price Down 1.1% – Time to Sell?

FB Bancorp, Inc. (NASDAQ:FBLA – Get Free Report) shares fell 1.1% on Thursday. The company traded as low as $16.67 and last traded at $16.83. 84,904 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 98,225 shares. The stock had previously closed at $17.02.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FBLA. Weiss Ratings raised shares of FB Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen upgraded FB Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Get Our Latest Analysis on FBLA

FB Bancorp Trading Down 1.1%

The firm has a market capitalization of $268.44 million, a price-to-earnings ratio of -1,681.32 and a beta of -0.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 0.97. The company has a 50 day moving average price of $16.49 and a two-hundred day moving average price of $14.78.

Institutional Investors Weigh In On FB Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of FB Bancorp in the second quarter valued at about $18,940,000. Raffles Associates LP purchased a new stake in shares of FB Bancorp during the second quarter worth about $1,462,000. Bank of America Corp DE purchased a new stake in shares of FB Bancorp during the second quarter worth about $1,056,000. Bank of New York Mellon Corp acquired a new position in shares of FB Bancorp during the 2nd quarter worth about $628,000. Finally, Dimensional Fund Advisors LP raised its position in shares of FB Bancorp by 74.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 132,308 shares of the company’s stock worth $1,818,000 after purchasing an additional 56,333 shares during the last quarter.

FB Bancorp Company Profile

(Get Free Report)

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.

The bank primarily serves communities in New Jersey and eastern Pennsylvania through its branch network and digital banking services.

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