JFB Construction Stock to Split on Friday, March 20th (NASDAQ:JFB)

JFB Construction Holding (NASDAQ:JFB)’s stock is going to split on Friday, March 20th. The 2-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Thursday, March 19th.

JFB Construction Trading Up 3.5%

JFB stock opened at $18.54 on Monday. The firm has a market cap of $129.97 million and a P/E ratio of -50.11. The business’s fifty day moving average price is $21.83. JFB Construction has a 52 week low of $3.54 and a 52 week high of $35.10.

Analysts Set New Price Targets

Several brokerages have commented on JFB. Wall Street Zen upgraded JFB Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFB Construction in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new stake in JFB Construction during the 3rd quarter valued at approximately $258,000. Yorkville Advisors Global LP purchased a new position in shares of JFB Construction during the 3rd quarter valued at approximately $258,000. Geode Capital Management LLC grew its position in shares of JFB Construction by 21.1% during the fourth quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after buying an additional 2,168 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of JFB Construction during the fourth quarter worth approximately $604,000. Finally, 683 Capital Management LLC bought a new stake in shares of JFB Construction in the fourth quarter worth $389,000.

About JFB Construction

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.