FB Bancorp (NASDAQ:FBLA) Shares Down 1.1% – Here’s Why

FB Bancorp, Inc. (NASDAQ:FBLA)’s stock price traded down 1.1% during trading on Thursday. The stock traded as low as $16.67 and last traded at $16.83. Approximately 84,904 shares traded hands during trading, a decline of 14% from the average daily volume of 98,225 shares. The stock had previously closed at $17.02.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded FB Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen raised FB Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

FB Bancorp Price Performance

The firm has a market cap of $268.44 million, a PE ratio of -1,681.32 and a beta of -0.10. The stock’s fifty day moving average price is $16.49 and its 200-day moving average price is $14.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.97 and a quick ratio of 0.97.

Hedge Funds Weigh In On FB Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of FBLA. Marquette Asset Management LLC purchased a new stake in FB Bancorp during the 2nd quarter valued at about $182,000. Deutsche Bank AG acquired a new stake in FB Bancorp in the 2nd quarter valued at about $211,000. WINTON GROUP Ltd acquired a new stake in FB Bancorp in the 2nd quarter valued at about $252,000. Odyssean LLC purchased a new position in FB Bancorp in the 2nd quarter worth approximately $286,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in FB Bancorp in the 2nd quarter worth approximately $306,000.

FB Bancorp Company Profile

FB Bancorp, Inc is the bank holding company for First Bank, a community-focused financial institution headquartered in Hamilton, New Jersey. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations.

First Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include commercial real estate loans, commercial and industrial financing, residential and consumer loans, construction lending and other credit products designed to support local businesses and households.

The bank primarily serves communities in New Jersey and eastern Pennsylvania through its branch network and digital banking services.