FB Bancorp (NASDAQ:FBLA) Stock Breaks Above 50 Day Moving Average – What’s Next?

Shares of FB Bancorp, Inc. (NASDAQ:FBLA) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $16.54 and traded as high as $16.65. FB Bancorp shares last traded at $16.61, with a volume of 44,987 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of FB Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of FB Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, FB Bancorp currently has a consensus rating of “Hold”.

FB Bancorp Price Performance

The stock has a market capitalization of $263.02 million, a P/E ratio of 97.59 and a beta of -0.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50-day moving average price of $16.58 and a 200 day moving average price of $14.88.

FB Bancorp (NASDAQ:FBLA) last released its earnings results on Friday, November 6th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $13.15 million during the quarter. FB Bancorp had a positive return on equity of 0.91% and a negative net margin of 0.36%.

Institutional Investors Weigh In On FB Bancorp

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of FB Bancorp during the 2nd quarter valued at $18,940,000. Renaissance Technologies LLC raised its position in FB Bancorp by 31.3% in the 1st quarter. Renaissance Technologies LLC now owns 266,500 shares of the company’s stock worth $3,662,000 after purchasing an additional 63,600 shares during the period. Dimensional Fund Advisors LP lifted its stake in FB Bancorp by 74.1% in the first quarter. Dimensional Fund Advisors LP now owns 132,308 shares of the company’s stock worth $1,818,000 after purchasing an additional 56,333 shares during the last quarter. Raffles Associates LP bought a new stake in FB Bancorp in the second quarter worth $1,462,000. Finally, Bank of America Corp DE purchased a new stake in FB Bancorp during the second quarter valued at about $1,056,000.

FB Bancorp Company Profile

FB Bancorp, Inc. is a bank holding company headquartered in New Orleans, Louisiana. It operates through its subsidiary, Fidelity Bank, a community bank serving customers in southeastern Louisiana. Fidelity Bank provides personal and business banking services, including deposit accounts, loans, mortgage lending and services for business customers. The company traces its roots to Fidelity Homestead Association, established in New Orleans in 1908.