M3F Inc. Sells 58,898 Shares of FB Bancorp, Inc. $FBLA

M3F Inc. cut its stake in FB Bancorp, Inc. (NASDAQ:FBLA) by 18.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,832 shares of the company’s stock after selling 58,898 shares during the period. FB Bancorp accounts for 0.9% of M3F Inc.’s investment portfolio, making the stock its 22nd largest holding. M3F Inc.’s holdings in FB Bancorp were worth $3,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FBLA. R Squared Ltd raised its holdings in FB Bancorp by 89.1% during the third quarter. R Squared Ltd now owns 25,185 shares of the company’s stock worth $303,000 after buying an additional 11,865 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in FB Bancorp in the 3rd quarter worth about $840,000. JPMorgan Chase & Co. raised its position in shares of FB Bancorp by 17.4% in the third quarter. JPMorgan Chase & Co. now owns 78,301 shares of the company’s stock valued at $941,000 after purchasing an additional 11,633 shares during the period. Raffles Associates LP raised its holdings in FB Bancorp by 6.8% during the 2nd quarter. Raffles Associates LP now owns 78,664 shares of the company’s stock valued at $885,000 after acquiring an additional 5,000 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in FB Bancorp by 1,365.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 31,297 shares of the company’s stock valued at $352,000 after buying an additional 29,161 shares in the last quarter.

Analyst Upgrades and Downgrades

FBLA has been the subject of several analyst reports. Wall Street Zen raised shares of FB Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of FB Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, FB Bancorp currently has a consensus rating of “Sell”.

FB Bancorp Stock Down 0.8%

FBLA stock opened at $13.17 on Friday. FB Bancorp, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $14.00. The company has a market capitalization of $261.29 million, a price-to-earnings ratio of 87.80 and a beta of 0.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.03. The business’s 50 day moving average price is $13.11 and its two-hundred day moving average price is $12.52.

FB Bancorp (NASDAQ:FBLA) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter. FB Bancorp had a negative return on equity of 0.81% and a negative net margin of 3.08%.The business had revenue of $12.77 million during the quarter.

About FB Bancorp

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.