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

Key Points

• FB Bancorp has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating a negative outlook for the stock.
• Weiss Ratings also maintains a "sell (d-)" rating on FB Bancorp, contributing to a consensus rating of "Sell" across analysts.
• The company's most recent earnings report showed a negative net margin of 5.40% and a revenue of $18.11 million for the quarter.

FB Bancorp (NASDAQ:FBLA - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of FB Bancorp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, FB Bancorp currently has a consensus rating of "Sell".

FB Bancorp Price Performance

NASDAQ FBLA opened at $11.69 on Friday. FB Bancorp has a 1 year low of $9.81 and a 1 year high of $12.74. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.20. The company's 50 day simple moving average is $11.93 and its two-hundred day simple moving average is $11.46.

FB Bancorp (NASDAQ:FBLA - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter. FB Bancorp had a negative net margin of 5.40% and a negative return on equity of 1.62%. The business had revenue of $18.11 million for the quarter.

Institutional Trading of FB Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FBLA. BlackBarn Capital Partners LP raised its position in shares of FB Bancorp by 51.2% during the 1st quarter. BlackBarn Capital Partners LP now owns 604,700 shares of the company's stock valued at $6,809,000 after buying an additional 204,700 shares in the last quarter. M3F Inc. bought a new position in shares of FB Bancorp during the 1st quarter valued at $130,000. Focus Partners Advisor Solutions LLC bought a new position in shares of FB Bancorp during the 1st quarter valued at $225,000. PDT Partners LLC bought a new position in shares of FB Bancorp during the 1st quarter valued at $205,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of FB Bancorp by 43.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 97,507 shares of the company's stock valued at $1,098,000 after purchasing an additional 29,452 shares during the last quarter.

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.

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