FB Bancorp (NASDAQ:FBLA) Announces Earnings Results

FB Bancorp (NASDAQ:FBLA) issued its quarterly earnings results on Friday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $13.15 million during the quarter. FB Bancorp had a negative net margin of 0.36% and a positive return on equity of 0.91%.

FB Bancorp Trading Up 0.2%

Shares of FBLA stock opened at $16.86 on Friday. The stock has a market cap of $268.92 million, a P/E ratio of 98.59 and a beta of -0.10. FB Bancorp has a 1 year low of $11.96 and a 1 year high of $17.65. The stock has a 50 day simple moving average of $16.51 and a 200 day simple moving average of $14.80. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.39.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FBLA shares. Weiss Ratings upgraded FB Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen raised shares of FB Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On FB Bancorp

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of FB Bancorp in the 2nd quarter valued at $18,940,000. Raffles Associates LP purchased a new stake in shares of FB Bancorp during the 2nd quarter valued at about $1,462,000. Bank of America Corp DE bought a new position in shares of FB Bancorp during the second quarter valued at approximately $1,056,000. Renaissance Technologies LLC boosted its position in FB Bancorp by 31.3% in the first quarter. Renaissance Technologies LLC now owns 266,500 shares of the company’s stock valued at $3,662,000 after buying an additional 63,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in FB Bancorp by 74.1% during the first quarter. Dimensional Fund Advisors LP now owns 132,308 shares of the company’s stock worth $1,818,000 after purchasing an additional 56,333 shares during the last quarter.

About FB Bancorp

FB Bancorp, Inc is the bank holding company for First Bank, a community-focused financial institution headquartered in Hamilton, New Jersey. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations.

First Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include commercial real estate loans, commercial and industrial financing, residential and consumer loans, construction lending and other credit products designed to support local businesses and households.

The bank primarily serves communities in New Jersey and eastern Pennsylvania through its branch network and digital banking services.