FB Bancorp (NASDAQ:FBLA) Stock Price Up 0.5% - Here's Why

Key Points

• FB Bancorp's stock rose 0.5% during mid-day trading, with shares trading at $11.66 after closing at $11.60.
• The company reported a negative return on equity of 1.62% and a negative net margin of 5.40% for their last quarter, with earnings of $0.05 per share.
• Recent institutional investments in FB Bancorp included stakes purchased by multiple firms, including a $110,000 investment from MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

FB Bancorp, Inc. (NASDAQ:FBLA - Get Free Report) was up 0.5% during trading on Wednesday . The company traded as high as $11.69 and last traded at $11.66. Approximately 60,826 shares traded hands during trading, a decline of 13% from the average daily volume of 69,676 shares. The stock had previously closed at $11.60.

FB Bancorp Stock Down 0.5%

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 business has a 50-day moving average price of $11.51 and a 200 day moving average price of $11.27.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new stake in shares of FB Bancorp during the fourth quarter worth $25,000. Cubist Systematic Strategies LLC purchased a new position in shares of FB Bancorp during the fourth quarter valued at $57,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in FB Bancorp during the second quarter worth $60,000. New York State Common Retirement Fund purchased a new position in shares of FB Bancorp in the 2nd quarter worth approximately $100,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of FB Bancorp in the 2nd quarter worth approximately $110,000.

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.