FB Bancorp, Inc. (NASDAQ:FBLA) Short Interest Down 19.3% in December

FB Bancorp, Inc. (NASDAQ:FBLA) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 336,285 shares, a decline of 19.3% from the November 30th total of 416,890 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 204,434 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 204,434 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.7% of the company’s stock are sold short.

FB Bancorp Stock Down 0.4%

Shares of FBLA stock opened at $12.85 on Friday. The stock’s 50 day simple moving average is $12.60 and its 200 day simple moving average is $12.04. FB Bancorp has a twelve month low of $9.81 and a twelve month high of $13.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.03. The company has a market capitalization of $254.91 million, a price-to-earnings ratio of 85.67 and a beta of 0.12.

FB Bancorp (NASDAQ:FBLA) last announced its earnings results on Wednesday, November 12th. The company reported $0.06 earnings per share (EPS) for the quarter. FB Bancorp had a negative return on equity of 0.81% and a negative net margin of 3.08%.The firm had revenue of $18.74 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in FB Bancorp during the 3rd quarter worth $44,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of FB Bancorp in the second quarter worth about $60,000. New York State Common Retirement Fund acquired a new position in shares of FB Bancorp during the 2nd quarter worth about $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in FB Bancorp during the 2nd quarter valued at approximately $110,000. Finally, Raymond James Financial Inc. bought a new stake in FB Bancorp during the 3rd quarter valued at approximately $120,000.

Analyst Ratings Changes

Several brokerages recently weighed in on FBLA. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FB Bancorp in a research report on Monday. Wall Street Zen upgraded shares of FB Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.