FB Bancorp (NASDAQ:FBLA) Rating Lowered to Sell at Wall Street Zen

FB Bancorp (NASDAQ:FBLA) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of FB Bancorp in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

FB Bancorp Price Performance

FB Bancorp stock opened at $13.49 on Friday. The company has a market capitalization of $231.49 million, a price-to-earnings ratio of 192.71 and a beta of 0.09. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. FB Bancorp has a 12 month low of $9.81 and a 12 month high of $14.00. The stock’s 50 day moving average is $13.21 and its 200-day moving average is $12.72.

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

Institutional Investors Weigh In On FB Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in FBLA. M3F Inc. boosted its stake in shares of FB Bancorp by 2,610.9% in the second quarter. M3F Inc. now owns 313,730 shares of the company’s stock valued at $3,529,000 after buying an additional 302,157 shares during the period. Peapod Lane Capital LLC bought a new position in FB Bancorp during the 3rd quarter worth $840,000. Police & Firemen s Retirement System of New Jersey acquired a new position in FB Bancorp in the 2nd quarter valued at $60,000. Panagora Asset Management Inc. acquired a new position in FB Bancorp in the 2nd quarter valued at $514,000. Finally, BlackBarn Capital Partners LP lifted its position in shares of FB Bancorp by 3.3% during the 2nd quarter. BlackBarn Capital Partners LP now owns 624,700 shares of the company’s stock valued at $7,028,000 after acquiring an additional 20,000 shares during the period.

About FB Bancorp

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.