Short Interest in FB Bancorp, Inc. (NASDAQ:FBLA) Rises By 39.4%

FB Bancorp, Inc. (NASDAQ:FBLA) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 466,848 shares, an increase of 39.4% from the February 26th total of 334,836 shares. Based on an average trading volume of 119,355 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FBLA. Russell Investments Group Ltd. acquired a new stake in shares of FB Bancorp in the third quarter worth $44,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in FB Bancorp in the second quarter valued at $60,000. New York State Common Retirement Fund acquired a new stake in FB Bancorp during the 2nd quarter worth about $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FB Bancorp during the 2nd quarter worth about $110,000. Finally, Raymond James Financial Inc. purchased a new position in shares of FB Bancorp during the 3rd quarter valued at about $120,000.

Analyst Ratings Changes

A number of research firms recently commented on FBLA. Wall Street Zen cut shares of FB Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of FB Bancorp in a research note on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

FB Bancorp Stock Up 1.9%

NASDAQ:FBLA traded up $0.26 during midday trading on Monday, reaching $13.75. 110,563 shares of the stock traded hands, compared to its average volume of 119,423. The stock has a market capitalization of $235.95 million, a PE ratio of 196.43 and a beta of 0.09. FB Bancorp has a 12-month low of $9.81 and a 12-month high of $14.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50-day moving average of $13.21 and a two-hundred day moving average of $12.72.

FB Bancorp (NASDAQ:FBLA) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.08) EPS for the quarter. The company had revenue of $9.39 million during the quarter. FB Bancorp had a net margin of 1.48% and a return on equity of 0.97%.

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.