BlackBarn Capital Partners LP Has $6.81 Million Stock Holdings in 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 raised its holdings in shares of FB Bancorp, Inc. (NASDAQ:FBLA - Free Report) by 51.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,700 shares of the company's stock after acquiring an additional 204,700 shares during the period. FB Bancorp makes up 0.4% of BlackBarn Capital Partners LP's holdings, making the stock its 16th largest position. BlackBarn Capital Partners LP owned approximately 3.05% of FB Bancorp worth $6,809,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new stake in shares of FB Bancorp in the 4th quarter worth $2,436,000. Northern Trust Corp bought a new stake in shares of FB Bancorp in the 4th quarter worth $479,000. Citadel Advisors LLC bought a new stake in shares of FB Bancorp in the 4th quarter worth $414,000. OMERS ADMINISTRATION Corp bought a new stake in shares of FB Bancorp in the 4th quarter worth $383,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of FB Bancorp in the 4th quarter worth $263,000.

FB Bancorp Trading Down 1.3%

Shares of FBLA traded down $0.15 during midday trading on Monday, reaching $11.67. The stock had a trading volume of 19,530 shares, compared to its average volume of 64,126. FB Bancorp, Inc. has a 52 week low of $9.81 and a 52 week high of $12.74. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm's 50 day moving average price is $11.53 and its 200-day moving average price is $11.27.

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