FB Financial Co. (NYSE:FBK) Receives Average Rating of "Hold" from Analysts

Shares of FB Financial Co. (NYSE:FBK - Get Free Report) have been assigned a consensus rating of "Hold" from the five brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $53.80.

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

FB Financial Stock Performance

Shares of FBK traded down $0.22 during trading hours on Monday, hitting $43.75. The stock had a trading volume of 7,739 shares, compared to its average volume of 176,949. The firm has a 50-day moving average price of $43.58 and a 200 day moving average price of $49.16. FB Financial has a fifty-two week low of $34.50 and a fifty-two week high of $58.88. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 17.71 and a beta of 0.93.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, hitting analysts' consensus estimates of $0.85. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. The business had revenue of $130.67 million during the quarter, compared to the consensus estimate of $132.28 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. As a group, analysts predict 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 was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.76 annualized dividend and a yield of 1.74%. FB Financial's dividend payout ratio is presently 27.94%.

Insider Buying and Selling at FB Financial

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

Institutional Investors Weigh In On FB Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mendon Capital Advisors Corp purchased a new stake in FB Financial in the first quarter valued at approximately $2,318,000. Jane Street Group LLC lifted its position in shares of FB Financial by 89.1% during the first quarter. Jane Street Group LLC now owns 40,831 shares of the financial services provider's stock worth $1,893,000 after purchasing an additional 19,235 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of FB Financial by 39.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,138 shares of the financial services provider's stock valued at $3,715,000 after purchasing an additional 22,662 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of FB Financial in the first quarter valued at approximately $245,000. Finally, Millennium Management LLC increased its stake in FB Financial by 11.8% during the 1st quarter. Millennium Management LLC now owns 354,156 shares of the financial services provider's stock worth $16,419,000 after buying an additional 37,385 shares during the period. 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.