JFB Construction (NASDAQ:JFB) Shares to Split on Tuesday, March 24th

Shares of JFB Construction Holding (NASDAQ:JFB) are set to split before the market opens on Tuesday, March 24th. The 2-1 split was announced on Tuesday, March 10th. The newly minted shares will be payable to shareholders after the closing bell on Monday, March 23rd.

JFB Construction Trading Down 0.8%

JFB Construction stock traded down $0.14 during trading hours on Thursday, reaching $17.92. 132,177 shares of the company were exchanged, compared to its average volume of 133,193. JFB Construction has a 12 month low of $3.54 and a 12 month high of $35.10. The firm has a 50-day moving average price of $21.70. The firm has a market capitalization of $125.62 million and a price-to-earnings ratio of -48.43.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JFB. Wall Street Zen upgraded shares of JFB Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFB Construction in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JFB. 683 Capital Management LLC acquired a new position in shares of JFB Construction during the fourth quarter worth approximately $389,000. Marshall Wace LLP bought a new stake in shares of JFB Construction in the fourth quarter valued at approximately $604,000. Geode Capital Management LLC grew its stake in shares of JFB Construction by 21.1% in the fourth quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after acquiring an additional 2,168 shares during the last quarter. Yorkville Advisors Global LP bought a new position in JFB Construction during the third quarter worth $258,000. Finally, Nomura Holdings Inc. acquired a new position in JFB Construction during the 3rd quarter valued at $258,000.

JFB Construction Company Profile

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.