FB Bancorp, Inc.’s (NASDAQ:FBLA) Quiet Period To End on December 2nd

FB Bancorp’s (NASDAQ:FBLA) quiet period will end on Monday, December 2nd. FB Bancorp had issued 19,837,500 shares in its IPO on October 23rd. The total size of the offering was $198,375,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

FB Bancorp Trading Up 0.4 %

FBLA opened at $12.04 on Monday. FB Bancorp has a 1-year low of $11.60 and a 1-year high of $12.71.

Insiders Place Their Bets

In related news, Director Gerard W. Barousse, Jr. bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $12.21 per share, with a total value of $61,050.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $61,050. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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.