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

Shares of FB Financial Corporation (NYSE:FBK - Get Free Report) have earned an average rating of "Hold" from the five research firms that are presently covering the stock, Marketbeat reports. One investment 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 twelve-month target price among analysts that have updated their coverage on the stock in the last year is $53.80.

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of 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 cut their target price for the stock from $60.00 to $59.00 in a report on Tuesday, April 1st. Stephens reduced their price target 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. Piper Sandler lowered their price objective 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. Finally, 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 note on Thursday, April 17th.

FB Financial Trading Up 0.6%

Shares of FBK stock opened at $42.79 on Friday. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 15.73 and a beta of 0.91. The business's 50-day moving average price is $43.37 and its 200-day moving average price is $47.84. 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 posted its earnings results on Monday, April 14th. The financial services provider reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. FB Financial had a net margin of 16.27% and a return on equity of 10.24%. The business had revenue of $130.67 million for the quarter, compared to the consensus estimate of $132.28 million. During the same period last year, the company earned $0.85 EPS. On average, sell-side analysts predict that FB Financial will post 3.64 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.78%. FB Financial's payout ratio is currently 27.94%.

Insider Activity

In related news, Director James W. Iv Cross acquired 7,200 shares of the stock in a transaction dated Wednesday, April 16th. The stock was bought at an average price of $40.49 per share, for a total transaction 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On FB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of FB Financial by 6,237.7% during the 1st quarter. GAMMA Investing LLC now owns 63,884 shares of the financial services provider's stock worth $2,962,000 after purchasing an additional 62,876 shares in the last quarter. Intech Investment Management LLC raised its stake in FB Financial by 136.2% during the 4th quarter. Intech Investment Management LLC now owns 16,595 shares of the financial services provider's stock worth $855,000 after buying an additional 9,570 shares during the period. Ameriprise Financial Inc. boosted its holdings in FB Financial by 1.3% in the fourth quarter. Ameriprise Financial Inc. now owns 274,427 shares of the financial services provider's stock worth $14,136,000 after acquiring an additional 3,492 shares in the last quarter. Summit Global Investments acquired a new stake in FB Financial in the fourth quarter valued at approximately $970,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of FB Financial by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,219 shares of the financial services provider's stock valued at $1,041,000 after acquiring an additional 790 shares in the last quarter. 65.40% of the stock is owned by institutional investors.

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.

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