FB Financial Co. (NYSE:FBK) Given Average Rating of "Hold" by Brokerages

Shares of FB Financial Co. (NYSE:FBK - Get Free Report) have been assigned an average recommendation of "Hold" from the five analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $53.80.

Several brokerages have weighed in on FBK. Stephens lowered their target price on shares of FB Financial from $65.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Wall Street Zen raised shares of FB Financial from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods lowered their target price on shares of FB Financial from $58.00 to $52.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Piper Sandler lowered their target price on shares of FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Hovde Group raised shares of FB Financial from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $60.00 to $59.00 in a research note on Tuesday, April 1st.

FB Financial Trading Up 2.0%

FB Financial stock traded up $0.86 during midday trading on Monday, hitting $44.49. 114,768 shares of the stock were exchanged, compared to its average volume of 177,476. FB Financial has a fifty-two week low of $34.50 and a fifty-two week high of $58.88. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.01 and a beta of 0.93. The stock's 50-day simple moving average is $43.80 and its 200 day simple moving average is $49.33.

FB Financial (NYSE:FBK - Get Free Report) last announced its earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. The company had revenue of $130.67 million during the quarter, compared to analyst estimates of $132.28 million. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. During the same quarter last year, the firm posted $0.85 earnings per share. Equities analysts anticipate that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, May 13th. FB Financial's payout ratio is 27.94%.

Insider Activity

In other news, major shareholder James W. Ayers purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $48.51 per share, for a total transaction of $97,020.00. Following the completion of the purchase, the insider now directly owns 10,931,841 shares of the company's stock, valued at $530,303,606.91. The trade was a 0.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James W. Iv Cross purchased 7,200 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was purchased at an average price of $40.49 per share, with a total value of $291,528.00. Following the purchase, the director now directly owns 61,278 shares of the company's stock, valued at $2,481,146.22. The trade was a 13.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FBK. Nuveen LLC purchased a new position in FB Financial in the first quarter worth approximately $39,275,000. JPMorgan Chase & Co. lifted its position in shares of FB Financial by 293.8% during the 4th quarter. JPMorgan Chase & Co. now owns 262,947 shares of the financial services provider's stock worth $13,544,000 after buying an additional 196,172 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of FB Financial during the 4th quarter worth approximately $9,546,000. Invesco Ltd. lifted its position in shares of FB Financial by 93.9% during the 1st quarter. Invesco Ltd. now owns 204,118 shares of the financial services provider's stock worth $9,463,000 after buying an additional 98,843 shares during the last quarter. Finally, 12th Street Asset Management Company LLC lifted its position in shares of FB Financial by 65.2% during the 4th quarter. 12th Street Asset Management Company LLC now owns 197,300 shares of the financial services provider's stock worth $10,163,000 after buying an additional 77,885 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

FB Financial Company Profile

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.