FB Bancorp, Inc.’s (NASDAQ:FBLA) Quiet Period To End on December 2nd

FB Bancorp’s (NASDAQ:FBLA) quiet period is set to end on Monday, December 2nd. FB Bancorp had issued 19,837,500 shares in its IPO on October 23rd. The total size of the offering was $198,375,000 based on an initial share price of $10.00. During FB Bancorp’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

FB Bancorp Price Performance

FBLA opened at $12.20 on Monday. FB Bancorp has a one year low of $11.60 and a one year high of $12.71.

Insider Activity at FB Bancorp

In other news, Director Gerard W. Barousse, Jr. purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $12.21 per share, for a total transaction of $61,050.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $61,050. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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.