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

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

FB Bancorp Price Performance

NASDAQ:FBLA opened at $11.99 on Friday. FB Bancorp has a 1 year low of $11.60 and a 1 year high of $12.71.

Insider Transactions at FB Bancorp

In related news, Director Gerard W. Barousse, Jr. acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $12.21 per share, with a total value of $61,050.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $61,050. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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.