Randall L. Baker, chief operating officer of FB Bancorp, Inc. (NASDAQ: FBLA), sold 261 shares of the company's common stock on March 5, 2026. The shares were sold at $13.13 each, producing a total transaction value of $3,426.
The sale occurred as FB Bancorp's share price traded near its 52-week high of $14, following a 16% gain over the past year. After completing the March 5 sale, Baker is recorded as directly owning zero shares of FB Bancorp common stock.
Indirect holdings attributed to Baker remain unchanged in public filings: 6,500 shares held by an IRA, 2,400 shares held by a 401(k), and 801 shares held through an ESOP.
On valuation and financial metrics, InvestingPro analysis indicates FB Bancorp appears overvalued relative to its Fair Value and is trading at 0.7 times book value. The company is assigned a "Fair" financial health rating and has remained profitable over the last twelve months. The firm does not pay a dividend.
Separately, FB Bancorp announced the completion of a transaction involving assets from the NOLA mortgage division of its subsidiary, Fidelity Bank of New Orleans. Those assets were sold to First Federal Bank, based in Lake City, Florida, under the terms of an Asset Purchase Agreement dated December 31, 2025.
Specifics about the nature of the assets transferred or the financial consideration exchanged were not disclosed in the announcement. Company officials have not provided additional commentary on how the concluded sale might affect future operations.
The firm described the transaction as the fulfillment of a previously disclosed agreement between Fidelity Bank and First Federal Bank and framed the move as part of FB Bancorp's continued efforts to streamline operations. No further details on the expected operational or financial impact were supplied.
In sum, the March 5 insider sale by the COO was modest in dollar terms, while the completed asset sale represents a strategic transaction executed under an agreement from late 2025. Publicly available valuation signals and the company's recent profitability are noted, but material terms and forward-looking impacts from the asset sale remain unspecified.