FB Bancorp (NASDAQ:FBLA) Announces Earnings Results

FB Bancorp (NASDAQ:FBLA) released its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, Zacks reports. The business had revenue of $12.95 million during the quarter. FB Bancorp had a return on equity of 0.91% and a net margin of 0.83%.

FB Bancorp Stock Down 0.9%

Shares of FBLA stock traded down $0.13 during midday trading on Friday, reaching $13.96. 120,783 shares of the stock were exchanged, compared to its average volume of 106,978. FB Bancorp has a 1 year low of $10.71 and a 1 year high of $14.25. The company’s 50 day moving average is $13.74 and its two-hundred day moving average is $13.17. 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 $239.54 million and a PE ratio of 349.09.

Wall Street Analyst Weigh In

FBLA has been the subject of a number of recent analyst reports. Wall Street Zen lowered 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, FB Bancorp currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in shares of FB Bancorp by 18.4% during the 3rd quarter. Alliancebernstein L.P. now owns 783,690 shares of the company’s stock worth $9,420,000 after acquiring an additional 121,780 shares during the period. Geode Capital Management LLC grew its holdings 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. State Street Corp grew its holdings in shares of FB Bancorp by 24.6% during the 4th quarter. State Street Corp now owns 252,889 shares of the company’s stock worth $3,250,000 after acquiring an additional 49,995 shares during the period. Renaissance Technologies LLC grew its holdings in shares of FB Bancorp by 369.7% during the 4th quarter. Renaissance Technologies LLC now owns 202,900 shares of the company’s stock worth $2,607,000 after acquiring an additional 159,700 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of FB Bancorp by 35.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 130,852 shares of the company’s stock worth $1,681,000 after acquiring an additional 34,221 shares during the period.

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.