BlackBarn Capital Partners LP Buys 204,700 Shares of FB Bancorp, Inc. $FBLA

Key Points

• BlackBarn Capital Partners LP increased its ownership in FB Bancorp, Inc. by 51.2% in the first quarter, owning a total of 604,700 shares valued at approximately $6.81 million.
• FB Bancorp's stock is currently trading at $11.82, with a twelve-month range between $9.81 and $12.74, indicating recent fluctuations in market performance.
• The company reported a negative return on equity of 1.62% and a net margin of -5.40% in its most recent quarterly earnings, highlighting challenges in profitability.

BlackBarn Capital Partners LP boosted its position in FB Bancorp, Inc. (NASDAQ:FBLA - Free Report) by 51.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 604,700 shares of the company's stock after acquiring an additional 204,700 shares during the period. FB Bancorp accounts for 0.4% of BlackBarn Capital Partners LP's investment portfolio, making the stock its 16th biggest position. BlackBarn Capital Partners LP owned approximately 3.05% of FB Bancorp worth $6,809,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FBLA. Geode Capital Management LLC purchased a new stake in shares of FB Bancorp in the 4th quarter worth about $2,436,000. Northern Trust Corp purchased a new stake in shares of FB Bancorp in the 4th quarter worth about $479,000. Citadel Advisors LLC purchased a new stake in shares of FB Bancorp in the 4th quarter worth about $414,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of FB Bancorp in the 4th quarter worth about $383,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in FB Bancorp during the 4th quarter valued at about $263,000.

FB Bancorp Price Performance

NASDAQ FBLA traded up $0.02 during trading hours on Thursday, reaching $11.99. 15,894 shares of the company's stock traded hands, compared to its average volume of 101,101. FB Bancorp, Inc. has a 52-week low of $9.81 and a 52-week high of $12.74. The firm has a 50-day simple moving average of $11.57 and a 200 day simple moving average of $11.28. 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 (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. FB Bancorp had a negative net margin of 5.40% and a negative return on equity of 1.62%. The company had revenue of $18.11 million during the quarter.

FB Bancorp 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.