FB Bancorp (NASDAQ:FBLA) Rating Lowered to Sell at Wall Street Zen

FB Bancorp (NASDAQ:FBLA) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of FB Bancorp in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

FB Bancorp Price Performance

Shares of FBLA opened at $11.69 on Friday. FB Bancorp has a 12 month low of $9.81 and a 12 month high of $12.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.04 and a current ratio of 1.07. The stock has a fifty day moving average price of $11.93 and a 200 day moving average price of $11.47.

FB Bancorp (NASDAQ:FBLA) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $18.11 million during the quarter. FB Bancorp had a negative net margin of 5.40% and a negative return on equity of 1.62%.

Institutional Investors Weigh In On FB Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of FBLA. BlackBarn Capital Partners LP grew its position in FB Bancorp by 3.3% in the 2nd quarter. BlackBarn Capital Partners LP now owns 624,700 shares of the company’s stock valued at $7,028,000 after buying an additional 20,000 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 worth $4,892,000 after acquiring an additional 227,274 shares during the period. M3F Inc. lifted its stake in shares of FB Bancorp by 2,610.9% in the 2nd quarter. M3F Inc. now owns 313,730 shares of the company’s stock worth $3,529,000 after acquiring an additional 302,157 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of FB Bancorp by 43.3% in the first quarter. Goldman Sachs Group Inc. now owns 97,507 shares of the company’s stock valued at $1,098,000 after acquiring an additional 29,452 shares in the last quarter. Finally, Raffles Associates LP increased its stake in shares of FB Bancorp by 6.8% during the second quarter. Raffles Associates LP now owns 78,664 shares of the company’s stock valued at $885,000 after acquiring an additional 5,000 shares during the period.

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.