97,099 Shares in FB Bancorp, Inc. $FBLA Bought by Raffles Associates LP

Key Points

• Raffles Associates LP bought 97,099 shares of FB Bancorp in the second quarter, valued at approximately $1.46 million and representing about 0.60% of the company.
• Several institutional investors increased or initiated positions, including Geode Capital Management and JPMorgan Chase, which boosted their holdings by 109.5% and 127.5%, respectively.
• FB Bancorp reported quarterly earnings of $0.05 per share on $14.14 million in revenue. The stock opened at $15.74, near its 52-week high, while analysts maintained a consensus “Hold” rating.

Raffles Associates LP purchased a new stake in FB Bancorp, Inc. (NASDAQ:FBLA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 97,099 shares of the company's stock, valued at approximately $1,462,000. FB Bancorp comprises approximately 1.2% of Raffles Associates LP's portfolio, making the stock its 23rd largest holding. Raffles Associates LP owned about 0.60% of FB Bancorp as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in shares of FB Bancorp by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 97,507 shares of the company's stock worth $1,098,000 after purchasing an additional 29,452 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of FB Bancorp by 109.5% in the 2nd 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 period. JPMorgan Chase & Co. boosted its position in shares of FB Bancorp by 127.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 66,668 shares of the company's stock valued at $750,000 after purchasing an additional 37,367 shares during the period. Rhumbline Advisers purchased a new position in FB Bancorp during the 2nd quarter worth approximately $192,000. Finally, American Century Companies Inc. purchased a new position in FB Bancorp during the 2nd quarter worth approximately $123,000.

FB Bancorp Stock Down 0.5%

FBLA opened at $15.74 on Friday. The business has a 50 day moving average price of $15.38 and a two-hundred day moving average price of $14.34. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.39. The company has a market cap of $251.05 million, a PE ratio of -1,572.43 and a beta of -0.08. FB Bancorp, Inc. has a 52 week low of $11.66 and a 52 week high of $16.00.

FB Bancorp (NASDAQ:FBLA - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $14.14 million for the quarter. FB Bancorp had a positive return on equity of 0.91% and a negative net margin of 0.36%.

Wall Street Analysts Forecast Growth

FBLA has been the topic of several research analyst reports. Weiss Ratings raised FB Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. Wall Street Zen raised FB Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, FB Bancorp has a consensus rating of "Hold".

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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