FB Bancorp (NASDAQ:FBLA) Issues Quarterly Earnings Results

FB Bancorp (NASDAQ:FBLA) issued its quarterly earnings data on Wednesday. The company reported ($0.08) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $12.77 million during the quarter. FB Bancorp had a negative net margin of 3.08% and a negative return on equity of 0.81%.

FB Bancorp Price Performance

FB Bancorp stock traded down $0.09 during midday trading on Thursday, reaching $13.22. The company’s stock had a trading volume of 2,624 shares, compared to its average volume of 92,658. The firm has a market capitalization of $262.28 million, a PE ratio of 88.13 and a beta of 0.11. FB Bancorp has a fifty-two week low of $9.81 and a fifty-two week high of $14.00. The stock’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $12.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.03.

Hedge Funds Weigh In On FB Bancorp

Several hedge funds have recently bought and sold shares of the company. M3F Inc. raised its stake in shares of FB Bancorp by 2,610.9% during the 2nd quarter. M3F Inc. now owns 313,730 shares of the company’s stock worth $3,529,000 after buying an additional 302,157 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of FB Bancorp by 109.5% in the second quarter. Geode Capital Management LLC now owns 434,736 shares of the company’s stock valued at $4,892,000 after purchasing an additional 227,274 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of FB Bancorp by 369.7% in the fourth quarter. Renaissance Technologies LLC now owns 202,900 shares of the company’s stock valued at $2,607,000 after purchasing an additional 159,700 shares during the last quarter. Alliancebernstein L.P. increased its stake 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 purchasing an additional 121,780 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in shares of FB Bancorp during the 3rd quarter worth approximately $840,000.

Analyst Ratings Changes

A number of research firms have commented on FBLA. Wall Street Zen upgraded shares of FB Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FB Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, FB Bancorp 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.