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

FB Bancorp’s (NASDAQ:FBLA) quiet period is set to expire on Monday, December 2nd. FB Bancorp had issued 19,837,500 shares in its 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 FB Bancorp’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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 Stock Down 0.7 %

Shares of FB Bancorp stock opened at $11.87 on Wednesday. FB Bancorp has a twelve month low of $11.60 and a twelve month high of $12.71.

Insider Transactions at FB Bancorp

In other FB Bancorp news, Director Gerard W. Barousse, Jr. purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $12.21 per share, with a total value of $61,050.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $61,050. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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.