FB Bancorp (NASDAQ:FBLA) Announces Earnings Results

FB Bancorp (NASDAQ:FBLA) released its quarterly earnings data on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. FB Bancorp had a net margin of 1.48% and a return on equity of 0.97%. The company had revenue of $12.95 million during the quarter.

FB Bancorp Stock Performance

FBLA stock traded down $0.16 during midday trading on Friday, reaching $13.94. 74,467 shares of the company were exchanged, compared to its average volume of 122,306. FB Bancorp has a one year low of $10.71 and a one year high of $14.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $239.12 million and a price-to-earnings ratio of 199.20. The business has a 50-day moving average price of $13.73 and a two-hundred day moving average price of $13.16.

Institutional Investors Weigh In On FB Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in FB Bancorp by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 97,507 shares of the company’s stock valued at $1,098,000 after purchasing an additional 29,452 shares during the period. Geode Capital Management LLC grew its stake in shares of FB Bancorp by 109.5% during the 2nd quarter. Geode Capital Management LLC now owns 434,736 shares of the company’s stock worth $4,892,000 after acquiring an additional 227,274 shares during the period. JPMorgan Chase & Co. grew its stake in shares of FB Bancorp by 127.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 66,668 shares of the company’s stock worth $750,000 after acquiring an additional 37,367 shares during the period. Rhumbline Advisers bought a new position in FB Bancorp in the 2nd quarter worth about $192,000. Finally, American Century Companies Inc. purchased a new stake in shares of FB Bancorp in the 2nd quarter valued at about $123,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FBLA shares. Weiss Ratings upgraded shares of FB Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of FB Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

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.