FB Financial Corporation (NYSE:FBK) Given Consensus Rating of "Hold" by Analysts

Shares of FB Financial Corporation (NYSE:FBK - Get Free Report) have received a consensus recommendation of "Hold" from the five analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $53.80.

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

FB Financial Stock Performance

NYSE FBK traded up $1.30 on Friday, reaching $44.42. 180,531 shares of the stock traded hands, compared to its average volume of 180,713. The company has a fifty day moving average price of $43.42 and a 200-day moving average price of $47.62. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 16.33 and a beta of 0.91. FB Financial has a 12 month low of $36.26 and a 12 month high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The financial services provider reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. The firm had revenue of $130.67 million during the quarter, compared to analyst estimates of $132.28 million. FB Financial had a return on equity of 10.24% and a net margin of 16.27%. During the same period in the previous year, the company posted $0.85 EPS. As a group, research analysts anticipate that FB Financial will post 3.64 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Tuesday, May 13th. FB Financial's dividend payout ratio is currently 27.94%.

Insider Buying and Selling at FB Financial

In related news, Director James W. Iv Cross bought 7,200 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were acquired at an average price of $40.49 per share, with a total value of $291,528.00. Following the completion of the acquisition, the director now owns 61,278 shares in the company, valued at approximately $2,481,146.22. This trade represents a 13.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in FB Financial during the first quarter worth $33,000. Sterling Capital Management LLC lifted its position in FB Financial by 810.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider's stock worth $58,000 after buying an additional 997 shares during the period. GAMMA Investing LLC lifted its position in FB Financial by 36.7% during the first quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock worth $64,000 after buying an additional 370 shares during the period. CWM LLC raised its holdings in shares of FB Financial by 58.2% in the 1st quarter. CWM LLC now owns 1,660 shares of the financial services provider's stock worth $77,000 after purchasing an additional 611 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of FB Financial by 7.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider's stock worth $202,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds 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.