Josh Folds Sells 1,110 Shares of FB Bancorp (NASDAQ:FBLA) Stock

FB Bancorp, Inc. (NASDAQ:FBLA) insider Josh Folds sold 1,110 shares of FB Bancorp stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $14.55, for a total value of $16,150.50. Following the completion of the transaction, the insider owned 30,746 shares in the company, valued at approximately $447,354.30. This represents a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FB Bancorp Stock Up 2.7%

Shares of NASDAQ FBLA opened at $15.30 on Friday. The company has a market cap of $247.25 million, a price-to-earnings ratio of 382.60 and a beta of -0.02. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.32. FB Bancorp, Inc. has a 12 month low of $11.15 and a 12 month high of $15.46. The stock has a 50-day moving average price of $14.18 and a two-hundred day moving average price of $13.58.

FB Bancorp (NASDAQ:FBLA) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $12.95 million for the quarter. FB Bancorp had a net margin of 0.83% and a return on equity of 0.93%.

Hedge Funds Weigh In On FB Bancorp

Several large investors have recently bought and sold shares of FBLA. Russell Investments Group Ltd. bought a new stake in shares of FB Bancorp during the third quarter worth about $44,000. New York State Common Retirement Fund acquired a new stake in FB Bancorp during the 2nd quarter worth approximately $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FB Bancorp during the 2nd quarter worth approximately $110,000. Raymond James Financial Inc. bought a new stake in FB Bancorp during the 3rd quarter worth approximately $120,000. Finally, XTX Topco Ltd bought a new stake in FB Bancorp during the 4th quarter worth approximately $130,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FBLA shares. Weiss Ratings upgraded shares of FB Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Wall Street Zen downgraded shares of FB Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.