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

Shares of JFB Construction Holding (NASDAQ:JFB) are set to split before the market opens on Friday, March 20th. The 2-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Thursday, March 19th.

JFB Construction Price Performance

Shares of NASDAQ:JFB opened at $18.06 on Thursday. JFB Construction has a twelve month low of $3.53 and a twelve month high of $35.10. The stock’s 50 day moving average price is $21.70. The firm has a market capitalization of $126.60 million and a price-to-earnings ratio of -48.81.

Analysts Set New Price Targets

Several research firms have weighed in on JFB. Wall Street Zen upgraded shares of JFB Construction from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFB Construction in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On JFB Construction

Several institutional investors have recently bought and sold shares of JFB. Geode Capital Management LLC grew its holdings in 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. Yorkville Advisors Global LP bought a new position in JFB Construction during the 3rd quarter valued at $258,000. Nomura Holdings Inc. purchased a new position in JFB Construction during the 3rd quarter worth $258,000. 683 Capital Management LLC purchased a new position in JFB Construction during the 4th quarter worth $389,000. Finally, Marshall Wace LLP bought a new stake in shares of JFB Construction in the 4th quarter worth $604,000.

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.