Wall Street Zen Upgrades FB Bancorp (NASDAQ:FBLA) to Hold

Key Points

• FB Bancorp was upgraded to “Hold” from “Sell” by Wall Street Zen, while Weiss Ratings also raised its rating to “Hold.” MarketBeat reports an overall average analyst rating of “Hold.”
• FBLA shares opened at $15.66, near their 12-month high of $15.98, with a market capitalization of approximately $253.1 million and 50-day and 200-day moving averages of $15.13 and $14.17, respectively.
• The company reported quarterly EPS of $0.05 on revenue of $14.14 million, alongside a negative net margin of 0.36% and a positive return on equity of 0.88%.

FB Bancorp (NASDAQ:FBLA - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded shares of FB Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

FB Bancorp Price Performance

Shares of NASDAQ FBLA opened at $15.66 on Friday. FB Bancorp has a twelve month low of $11.36 and a twelve month high of $15.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $253.07 million, a price-to-earnings ratio of -1,564.44 and a beta of -0.08. The firm has a 50-day moving average of $15.13 and a two-hundred day moving average of $14.17.

FB Bancorp (NASDAQ:FBLA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.05 earnings per share (EPS) for the quarter. FB Bancorp had a negative net margin of 0.36% and a positive return on equity of 0.88%. The company had revenue of $14.14 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBLA. Russell Investments Group Ltd. acquired a new stake in FB Bancorp during the third quarter valued at $44,000. New York State Common Retirement Fund acquired a new stake in shares of FB Bancorp during the 2nd quarter valued at about $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of FB Bancorp in the 2nd quarter valued at approximately $110,000. Raymond James Financial Inc. acquired a new position in FB Bancorp in the third quarter worth approximately $120,000. Finally, XTX Topco Ltd bought a new position in FB Bancorp during the fourth quarter valued at approximately $130,000.

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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