Wall Street Zen Upgrades FB Bancorp (NASDAQ:FBLA) to “Hold”

FB Bancorp (NASDAQ:FBLA) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded shares of FB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, FB Bancorp presently has an average rating of “Hold”.

FB Bancorp Stock Performance

Shares of FBLA stock opened at $15.66 on Friday. FB Bancorp has a one year low of $11.36 and a one year high of $15.98. The company’s 50-day moving average is $15.13 and its 200 day moving average is $14.18. The company has a market capitalization of $253.07 million, a price-to-earnings ratio of -1,564.44 and a beta of -0.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 0.97.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FBLA. Russell Investments Group Ltd. bought a new position in FB Bancorp in the third quarter valued at about $44,000. New York State Common Retirement Fund purchased a new position in FB Bancorp in the second quarter worth about $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of FB Bancorp during the 2nd quarter valued at about $110,000. Raymond James Financial Inc. bought a new stake in shares of FB Bancorp during the 3rd quarter valued at about $120,000. Finally, XTX Topco Ltd purchased a new stake in shares of FB Bancorp during the 4th quarter valued at about $130,000.

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.