FB Bancorp (NASDAQ:FBLA) Announces Earnings Results

Key Points

• FB Bancorp reported earnings of $0.05 per share for the quarter, with a negative return on equity of 1.71% and a negative net margin of 5.40%.
• During mid-day trading, FB Bancorp's stock price decreased to $11.44, with a 1-year price range between $9.81 and $12.74.
• Several hedge funds, including Raffles Associates LP and New York State Common Retirement Fund, increased or established new positions in FB Bancorp during the second quarter.

FB Bancorp (NASDAQ:FBLA - ) issued its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, Zacks reports. FB Bancorp had a negative return on equity of 1.71% and a negative net margin of 5.40%. The firm had revenue of $18.11 million during the quarter.

FB Bancorp Price Performance

NASDAQ FBLA traded down $0.18 during mid-day trading on Friday, reaching $11.44. 44,799 shares of the company's stock traded hands, compared to its average volume of 76,796. The company has a fifty day simple moving average of $11.48 and a 200-day simple moving average of $11.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.08 and a quick ratio of 1.05. FB Bancorp has a 1-year low of $9.81 and a 1-year high of $12.74.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Raffles Associates LP grew its position in shares of FB Bancorp by 6.8% in the 2nd quarter. Raffles Associates LP now owns 78,664 shares of the company's stock worth $885,000 after acquiring an additional 5,000 shares in the last quarter. New York State Common Retirement Fund acquired a new position in shares of FB Bancorp in the 2nd quarter worth approximately $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of FB Bancorp in the 2nd quarter worth approximately $110,000. Occudo Quantitative Strategies LP acquired a new position in shares of FB Bancorp in the 2nd quarter worth approximately $119,000. Finally, American Century Companies Inc. acquired a new position in shares of FB Bancorp in the 2nd quarter worth approximately $123,000.

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.

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