FB Bancorp (NASDAQ:FBLA) Insider Josh Folds Sells 1,110 Shares of Stock

FB Bancorp, Inc. (NASDAQ:FBLA) insider Josh Folds sold 1,110 shares of FB Bancorp stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $14.55, for a total value of $16,150.50. Following the sale, the insider directly owned 30,746 shares of the company’s stock, valued at approximately $447,354.30. This trade represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

FB Bancorp Trading Down 0.2%

Shares of NASDAQ FBLA opened at $14.90 on Friday. FB Bancorp, Inc. has a 1-year low of $11.09 and a 1-year high of $15.03. The business has a fifty day moving average price of $14.16 and a 200 day moving average price of $13.57. The stock has a market capitalization of $240.78 million, a P/E ratio of 372.59 and a beta of -0.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.94.

FB Bancorp (NASDAQ:FBLA) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.03 EPS for the quarter. FB Bancorp had a net margin of 0.83% and a return on equity of 0.93%. The business had revenue of $12.95 million during the quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FBLA shares. Wall Street Zen cut FB Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings raised FB Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of FB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of FBLA. Russell Investments Group Ltd. purchased a new stake in shares of FB Bancorp in the third quarter worth about $44,000. New York State Common Retirement Fund acquired a new position in FB Bancorp in the second quarter valued at approximately $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in FB Bancorp in the second quarter valued at approximately $110,000. Occudo Quantitative Strategies LP purchased a new stake in FB Bancorp in the 2nd quarter worth approximately $119,000. Finally, Raymond James Financial Inc. purchased a new stake in FB Bancorp in the 3rd quarter worth approximately $120,000.

About FB Bancorp

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.