FB Bancorp (NASDAQ:FBLA) Releases Quarterly Earnings Results

FB Bancorp (NASDAQ:FBLA) announced its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, Zacks reports. FB Bancorp had a return on equity of 0.93% and a net margin of 0.83%.

FB Bancorp Stock Performance

Shares of FB Bancorp stock traded down $0.03 during mid-day trading on Tuesday, hitting $15.63. 113,960 shares of the stock were exchanged, compared to its average volume of 109,182. FB Bancorp has a 12 month low of $11.22 and a 12 month high of $15.79. The company has a 50-day simple moving average of $14.69 and a 200 day simple moving average of $13.90. The company has a market capitalization of $252.58 million, a P/E ratio of 390.85 and a beta of -0.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.94 and a current ratio of 0.94.

Institutional Trading of FB Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP bought a new stake in FB Bancorp during the second quarter worth $142,000. XTX Topco Ltd bought a new position in FB Bancorp in the 2nd quarter valued at $140,000. Price T Rowe Associates Inc. MD bought a new position in FB Bancorp in the 4th quarter valued at $139,000. Russell Investments Group Ltd. increased its position in shares of FB Bancorp by 185.4% during the 4th quarter. Russell Investments Group Ltd. now owns 10,563 shares of the company’s stock valued at $136,000 after purchasing an additional 6,862 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of FB Bancorp during the 4th quarter valued at $134,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of FB Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

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.