FB Financial Co. (NYSE:FBK) Receives Consensus Rating of "Hold" from Brokerages

FB Financial Co. (NYSE:FBK - Get Free Report) has earned a consensus recommendation of "Hold" from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $53.80.

A number of equities analysts have recently commented on the stock. Stephens cut their target price on shares of FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on FB Financial from $58.00 to $52.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Piper Sandler decreased their target price on FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded FB Financial from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Finally, Hovde Group upgraded FB Financial from a "market perform" rating to an "outperform" rating and decreased their price target for the stock from $60.00 to $59.00 in a report on Tuesday, April 1st.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $48.51 per share, with a total value of $97,020.00. Following the completion of the transaction, the insider now owns 10,931,841 shares of the company's stock, valued at $530,303,606.91. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James W. Iv Cross purchased 7,200 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The stock was bought at an average price of $40.49 per share, with a total value of $291,528.00. Following the purchase, the director now owns 61,278 shares of the company's stock, valued at approximately $2,481,146.22. The trade was a 13.31 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 11,200 shares of company stock worth $492,208 in the last 90 days. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FB Financial

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in FB Financial by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 66,775 shares of the financial services provider's stock worth $3,134,000 after buying an additional 4,918 shares during the last quarter. SG Americas Securities LLC lifted its stake in FB Financial by 39.7% during the fourth quarter. SG Americas Securities LLC now owns 19,850 shares of the financial services provider's stock worth $1,022,000 after purchasing an additional 5,642 shares during the last quarter. GAMMA Investing LLC boosted its holdings in FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock worth $52,000 after purchasing an additional 314 shares during the period. Barclays PLC increased its stake in FB Financial by 58.3% during the third quarter. Barclays PLC now owns 94,062 shares of the financial services provider's stock valued at $4,415,000 after purchasing an additional 34,633 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of FB Financial by 136.2% during the fourth quarter. Intech Investment Management LLC now owns 16,595 shares of the financial services provider's stock worth $855,000 after purchasing an additional 9,570 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

FB Financial Price Performance

FBK stock traded down $0.41 during trading on Thursday, reaching $44.21. 158,646 shares of the stock traded hands, compared to its average volume of 171,699. The firm has a market capitalization of $2.06 billion, a PE ratio of 17.90 and a beta of 0.93. The business's 50 day moving average price is $44.38 and its 200-day moving average price is $49.84. FB Financial has a 52-week low of $34.50 and a 52-week high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last issued its earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.85. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. The business had revenue of $130.67 million during the quarter, compared to analysts' expectations of $132.28 million. During the same quarter in the previous year, the business earned $0.85 EPS. On average, equities research analysts predict that FB Financial will post 3.64 earnings per share for the current year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, May 13th. FB Financial's dividend payout ratio is currently 27.94%.

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.