Raffles Associates LP Buys Shares of 97,099 FB Bancorp, Inc. $FBLA

Raffles Associates LP purchased a new position in shares of FB Bancorp, Inc. (NASDAQ:FBLA) in the second quarter, Holdings Channel reports. The fund purchased 97,099 shares of the company’s stock, valued at approximately $1,462,000. FB Bancorp comprises 1.3% of Raffles Associates LP’s holdings, making the stock its 21st largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of FBLA. Russell Investments Group Ltd. acquired a new position in shares of FB Bancorp during the third quarter valued at $44,000. New York State Common Retirement Fund acquired a new stake in FB Bancorp in the second quarter worth about $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FB Bancorp in the second quarter worth about $110,000. Raymond James Financial Inc. bought a new position in FB Bancorp in the 3rd quarter valued at about $120,000. Finally, XTX Topco Ltd bought a new position in FB Bancorp in the 4th quarter valued at about $130,000.

FB Bancorp Stock Up 0.4%

FBLA stock opened at $15.93 on Wednesday. FB Bancorp, Inc. has a 12 month low of $11.66 and a 12 month high of $15.98. The firm has a market cap of $254.08 million, a PE ratio of -1,591.41 and a beta of -0.08. The firm has a 50 day simple moving average of $15.33 and a 200 day simple moving average of $14.31. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.97 and a quick ratio of 0.97.

FB Bancorp (NASDAQ:FBLA) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $14.14 million for the quarter. FB Bancorp had a negative net margin of 0.36% and a positive return on equity of 0.91%.

Wall Street Analyst Weigh In

A number of analysts have commented on FBLA shares. Weiss Ratings upgraded shares of FB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded shares of FB Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.