FB Bancorp, Inc. (NASDAQ:FBLA) Short Interest Update

FB Bancorp, Inc. (NASDAQ:FBLA) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 336,285 shares, a decrease of 19.3% from the November 30th total of 416,890 shares. Based on an average trading volume of 204,434 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.7% of the shares of the company are sold short. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 204,434 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On FB Bancorp

A number of large investors have recently bought and sold shares of FBLA. Russell Investments Group Ltd. bought a new position in shares of FB Bancorp in the 3rd quarter worth $44,000. Raffles Associates LP lifted its stake in shares of FB Bancorp by 6.8% in the second quarter. Raffles Associates LP now owns 78,664 shares of the company’s stock valued at $885,000 after buying an additional 5,000 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of FB Bancorp during the second quarter valued at about $60,000. New York State Common Retirement Fund acquired a new stake in shares of FB Bancorp in the 2nd quarter worth about $100,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in FB Bancorp in the 2nd quarter valued at about $110,000.

FB Bancorp Stock Down 0.4%

FBLA stock traded down $0.05 during trading on Wednesday, reaching $12.85. 89,341 shares of the company were exchanged, compared to its average volume of 140,131. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 0.98. FB Bancorp has a twelve month low of $9.81 and a twelve month high of $13.29. The company has a 50-day moving average of $12.58 and a two-hundred day moving average of $12.04.

FB Bancorp (NASDAQ:FBLA) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.06 earnings per share (EPS) for the quarter. FB Bancorp had a negative net margin of 3.08% and a negative return on equity of 0.81%. The firm had revenue of $18.74 million during the quarter.

Analysts Set New Price Targets

FBLA has been the subject of several research analyst reports. Wall Street Zen upgraded FB Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FB Bancorp in a report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.