FB Bancorp (NASDAQ:FBLA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FB Bancorp (NASDAQ:FBLA) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings upgraded shares of FB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

FB Bancorp Stock Down 0.8%

Shares of NASDAQ:FBLA opened at $15.53 on Friday. The firm’s 50 day moving average price is $15.16 and its 200 day moving average price is $14.19. The stock has a market cap of $250.96 million, a price-to-earnings ratio of -1,551.45 and a beta of -0.08. FB Bancorp has a fifty-two week low of $11.36 and a fifty-two week high of $15.98. 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 issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.05 earnings per share (EPS) for the quarter. FB Bancorp had a negative net margin of 0.36% and a positive return on equity of 0.91%. The company had revenue of $14.14 million during the quarter.

Institutional Investors Weigh In On FB Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in FB Bancorp during the second quarter worth approximately $18,940,000. Alliancebernstein L.P. increased its stake in FB Bancorp by 18.4% in the third quarter. Alliancebernstein L.P. now owns 783,690 shares of the company’s stock valued at $9,420,000 after purchasing an additional 121,780 shares during the last quarter. Geode Capital Management LLC increased its stake in 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 during the last quarter. Renaissance Technologies LLC increased its stake 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 purchasing an additional 63,600 shares during the last quarter. Finally, State Street Corp raised its holdings in FB Bancorp by 24.6% during the fourth quarter. State Street Corp now owns 252,889 shares of the company’s stock worth $3,250,000 after purchasing an additional 49,995 shares in the last quarter.

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.