FB Bancorp (NASDAQ:FBLA) Stock Rating Upgraded by Wall Street Zen

Key Points

• FB Bancorp's stock rating was upgraded by Wall Street Zen from a "sell" to a "hold" in a recent report.
• Despite this upgrade, Weiss Ratings maintained a "sell (d-)" rating, and the average rating for the stock remains at "sell".
• FB Bancorp reported earnings of $0.05 per share with a revenue of $18.11 million for the last quarter, but showed a negative net margin of 5.40%.

FB Bancorp (NASDAQ:FBLA - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Sunday.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of FB Bancorp in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of "Sell".

FB Bancorp Stock Performance

Shares of NASDAQ:FBLA opened at $11.98 on Friday. The firm has a fifty day moving average price of $11.97 and a 200 day moving average price of $11.52. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.20. FB Bancorp has a 1-year low of $9.81 and a 1-year high of $12.74.

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 for the quarter. The company had revenue of $18.11 million during the quarter. FB Bancorp had a negative net margin of 5.40% and a negative return on equity of 1.62%.

Institutional Trading of FB Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Raffles Associates LP lifted its stake in FB Bancorp by 6.8% in the second quarter. Raffles Associates LP now owns 78,664 shares of the company's stock valued at $885,000 after buying an additional 5,000 shares during the period. BNP Paribas Financial Markets raised its position in shares of FB Bancorp by 1,365.2% during the second quarter. BNP Paribas Financial Markets now owns 31,297 shares of the company's stock worth $352,000 after purchasing an additional 29,161 shares during the period. BlackBarn Capital Partners LP grew its holdings in FB Bancorp by 3.3% during the second quarter. BlackBarn Capital Partners LP now owns 624,700 shares of the company's stock worth $7,028,000 after buying an additional 20,000 shares in the last quarter. Bank of America Corp DE grew its stake in FB Bancorp by 467.5% in the 2nd quarter. Bank of America Corp DE now owns 55,885 shares of the company's stock valued at $629,000 after purchasing an additional 46,037 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new position in shares of FB Bancorp during the 2nd quarter worth $119,000.

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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