FB Bancorp, Inc. (NASDAQ:FBLA) Short Interest Up 39.4% in March

FB Bancorp, Inc. (NASDAQ:FBLA) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 466,848 shares, an increase of 39.4% from the February 26th total of 334,836 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average trading volume of 119,355 shares, the short-interest ratio is presently 3.9 days.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FBLA shares. Wall Street Zen lowered FB Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of FB Bancorp in a research report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

FB Bancorp Stock Performance

Shares of FBLA opened at $13.75 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. The firm has a market cap of $235.95 million, a PE ratio of 196.43 and a beta of 0.09. FB Bancorp has a 12 month low of $9.81 and a 12 month high of $14.00. The stock has a fifty day moving average price of $13.23 and a 200-day moving average price of $12.74.

FB Bancorp (NASDAQ:FBLA) last announced its earnings results on Wednesday, February 18th. The company reported ($0.08) earnings per share for the quarter. FB Bancorp had a return on equity of 0.97% and a net margin of 1.48%.The business had revenue of $9.39 million for the quarter.

Hedge Funds Weigh In On FB Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in FB Bancorp in the 3rd quarter worth approximately $44,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in FB Bancorp during the 2nd quarter worth approximately $60,000. New York State Common Retirement Fund acquired a new position in FB Bancorp during the 2nd quarter valued at approximately $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of FB Bancorp in the second quarter worth $110,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of FB Bancorp during the second quarter worth $119,000.

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.