FB Bancorp (NASDAQ:FBLA – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports. FB Bancorp had a negative net margin of 0.36% and a positive return on equity of 0.91%. The firm had revenue of $13.15 million for the quarter.
FB Bancorp Trading Up 0.2%
Shares of FB Bancorp stock traded up $0.03 during trading on Friday, hitting $16.86. 41,579 shares of the company were exchanged, compared to its average volume of 104,489. The firm has a market capitalization of $268.88 million, a P/E ratio of -1,684.32 and a beta of -0.10. FB Bancorp has a 1-year low of $11.96 and a 1-year high of $17.65. The firm’s fifty day moving average price is $16.49 and its 200 day moving average price is $14.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.97 and a quick ratio of 0.97.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Wall Street Zen upgraded shares of FB Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised FB Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, FB Bancorp presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on FB Bancorp
Institutional Trading of FB Bancorp
Hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of FB Bancorp during the second quarter worth $18,940,000. Raffles Associates LP acquired a new position in shares of FB Bancorp in the 2nd quarter valued at $1,462,000. Bank of America Corp DE acquired a new position in shares of FB Bancorp in the 2nd quarter valued at $1,056,000. Renaissance Technologies LLC increased its position in shares of FB Bancorp by 31.3% in the 1st quarter. Renaissance Technologies LLC now owns 266,500 shares of the company’s stock valued at $3,662,000 after buying an additional 63,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of FB Bancorp by 74.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 132,308 shares of the company’s stock valued at $1,818,000 after buying an additional 56,333 shares in the last quarter.
FB Bancorp Company Profile
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.
Further Reading
- Five stocks we like better than FB Bancorp
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
- Duolingo’s User Growth Is Outpacing Bookings, But Is Its Strategy Paying Off?
Receive News & Ratings for FB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
