Raffles Associates LP Makes New $1.46 Million Investment in FB Bancorp, Inc. $FBLA

Raffles Associates LP bought a new position in shares of FB Bancorp, Inc. (NASDAQ:FBLA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 97,099 shares of the company’s stock, valued at approximately $1,462,000. FB Bancorp makes up approximately 1.3% of Raffles Associates LP’s investment portfolio, making the stock its 21st largest holding. Raffles Associates LP owned about 0.60% of FB Bancorp as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in FB Bancorp by 74.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 132,308 shares of the company’s stock worth $1,818,000 after buying an additional 56,333 shares during the period. Renaissance Technologies LLC boosted its holdings in FB Bancorp by 31.3% in the first quarter. Renaissance Technologies LLC now owns 266,500 shares of the company’s stock valued at $3,662,000 after purchasing an additional 63,600 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of FB Bancorp during the 2nd quarter valued at approximately $182,000. Mangrove Partners IM LLC increased its stake in shares of FB Bancorp by 1.0% in the fourth quarter. Mangrove Partners IM LLC now owns 144,020 shares of the company’s stock worth $1,851,000 after buying an additional 1,454 shares during the last quarter. Finally, R Squared Ltd grew its holdings in FB Bancorp by 3.1% during the 4th quarter. R Squared Ltd now owns 25,974 shares of the company’s stock worth $334,000 after acquiring an additional 789 shares in the last quarter.

FB Bancorp Stock Up 0.4%

FB Bancorp stock opened at $15.93 on Wednesday. The company has a 50-day simple moving average of $15.33 and a 200-day simple moving average of $14.31. The firm has a market capitalization of $254.08 million, a P/E ratio of -1,591.41 and a beta of -0.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 0.97. FB Bancorp, Inc. has a one year low of $11.66 and a one year high of $15.98.

FB Bancorp (NASDAQ:FBLA) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $14.14 million for the quarter. FB Bancorp had a negative net margin of 0.36% and a positive return on equity of 0.91%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FBLA shares. Wall Street Zen upgraded FB Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of FB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

FB Bancorp 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.