FB Bancorp (NASDAQ:FBLA) Stock Falls 1.1% – Here’s What Happened

FB Bancorp, Inc. (NASDAQ:FBLA) shares fell 1.1% during mid-day trading on Thursday. The company traded as low as $16.67 and last traded at $16.83. 84,904 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 98,225 shares. The stock had previously closed at $17.02.

Analyst Ratings Changes

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

FB Bancorp Trading Up 0.2%

The business’s 50 day moving average is $16.51 and its two-hundred day moving average is $14.80. The firm has a market capitalization of $268.92 million, a P/E ratio of -1,684.32 and a beta of -0.10. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.39.

FB Bancorp (NASDAQ:FBLA) last posted its quarterly earnings data on Friday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter. The business 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%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Marquette Asset Management LLC acquired a new stake in FB Bancorp during the 2nd quarter worth about $182,000. Deutsche Bank AG bought a new stake in shares of FB Bancorp in the 2nd quarter valued at approximately $211,000. WINTON GROUP Ltd bought a new stake in FB Bancorp in the second quarter worth approximately $252,000. Odyssean LLC bought a new stake in FB Bancorp in the second quarter worth approximately $286,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of FB Bancorp during the 2nd quarter worth $306,000.

FB Bancorp Company Profile

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.