FB Bancorp (NASDAQ:FBLA) Shares Break Above 50-Day Moving Average – What’s Next?

FB Bancorp, Inc. (NASDAQ:FBLA) shares crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $16.54 and traded as high as $16.65. FB Bancorp shares last traded at $16.61, with a volume of 44,987 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen raised FB Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised FB Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, FB Bancorp currently has an average rating of “Hold”.

FB Bancorp Stock Up 0.7%

The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.39. The firm has a market cap of $264.93 million, a PE ratio of -1,659.34 and a beta of -0.10. The business’s 50-day simple moving average is $16.54 and its 200 day simple moving average is $14.84.

FB Bancorp (NASDAQ:FBLA) last announced its quarterly earnings results on Friday, November 6th. The company reported $0.03 earnings per share for the quarter. FB Bancorp had a negative net margin of 0.36% and a positive return on equity of 0.91%. The firm had revenue of $13.15 million during the quarter.

Hedge Funds Weigh In On FB Bancorp

A number of large investors have recently bought and sold shares of FBLA. BlackRock Inc. purchased a new stake in FB Bancorp during the second quarter worth $18,940,000. Raffles Associates LP bought a new stake in FB Bancorp during the 2nd quarter valued at $1,462,000. Bank of America Corp DE purchased a new position in shares of FB Bancorp in the 2nd quarter valued at $1,056,000. Bank of New York Mellon Corp purchased a new position in shares of FB Bancorp in the 2nd quarter valued at $628,000. Finally, Dimensional Fund Advisors LP raised its position in shares of FB Bancorp by 74.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 132,308 shares of the company’s stock worth $1,818,000 after acquiring an additional 56,333 shares in the last quarter.

About FB Bancorp

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.