Short Interest in FB Bancorp, Inc. (NASDAQ:FBLA) Declines By 16.0%

Key Points

• Short interest fell 16.0% in April, dropping to 450,555 shares (about 2.7% of shares outstanding) with a days-to-cover of 2.8 based on average daily volume.
• Analysts rate FB Bancorp a "Sell" after recent downgrades from firms including Wall Street Zen and Weiss Ratings, giving the stock an average MarketBeat rating of Sell.
• Shares trade near $14.06 with a market cap of roughly $241 million and a high P/E (~200.8), while the company reported a ($0.08) EPS loss and $9.39 million in revenue for the most recent quarter.

FB Bancorp, Inc. (NASDAQ:FBLA - Get Free Report) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 450,555 shares, a decrease of 16.0% from the March 31st total of 536,465 shares. Based on an average daily volume of 161,324 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.7% of the shares of the company are sold short.

Analysts Set New Price Targets

FBLA has been the subject of several recent research reports. Wall Street Zen cut FB Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, March 28th. Weiss Ratings reiterated a "sell (d)" rating on shares of FB Bancorp in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, FB Bancorp currently has an average rating of "Sell".

Institutional Investors Weigh In On FB Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in FB Bancorp during the fourth quarter worth $130,000. Occudo Quantitative Strategies LP bought a new position in shares of FB Bancorp in the 4th quarter valued at $223,000. Odyssean LLC bought a new position in shares of FB Bancorp in the 4th quarter valued at $240,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of FB Bancorp by 5.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 20,993 shares of the company's stock valued at $270,000 after acquiring an additional 1,050 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of FB Bancorp in the 4th quarter valued at $134,000.

FB Bancorp Price Performance

NASDAQ FBLA traded up $0.08 on Friday, hitting $14.06. 9,168 shares of the company's stock were exchanged, compared to its average volume of 124,830. The stock has a 50-day moving average of $13.59 and a 200-day moving average of $13.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. FB Bancorp has a 52 week low of $10.71 and a 52 week high of $14.25. The stock has a market cap of $241.17 million, a price-to-earnings ratio of 200.79 and a beta of -0.04.

FB Bancorp (NASDAQ:FBLA - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported ($0.08) earnings per share for the quarter. FB Bancorp had a return on equity of 0.97% and a net margin of 1.48%.The business had revenue of $9.39 million for the quarter.

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.

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