FB Financial Corporation (NYSE:FBK) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• FB Financial Corporation has received a consensus rating of "Moderate Buy", with one analyst holding a "hold" rating and five assigning a buy rating, indicating positive sentiment among brokerages.
• The average target price for FB Financial's stock among analysts is $58.80, reflecting recent upgrades and coverage from various research firms.
• FB Financial recently announced a quarterly dividend of $0.19 per share, representing a 1.3% yield, with a payout ratio of 39.38%.

FB Financial Corporation (NYSE:FBK - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $58.80.

FBK has been the subject of a number of research reports. Wall Street Zen cut FB Financial from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods upgraded FB Financial from a "market perform" rating to an "outperform" rating and increased their price target for the company from $52.00 to $58.00 in a research note on Friday, July 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of FB Financial in a research note on Saturday, September 27th. Finally, Cantor Fitzgerald assumed coverage on FB Financial in a research note on Wednesday, September 10th. They issued an "overweight" rating and a $61.00 price target for the company.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FBK. Nuveen LLC bought a new position in FB Financial during the 1st quarter worth $39,275,000. Qube Research & Technologies Ltd raised its position in FB Financial by 61.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 315,557 shares of the financial services provider's stock worth $14,295,000 after purchasing an additional 120,561 shares during the last quarter. Invesco Ltd. raised its position in 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 purchasing an additional 98,843 shares during the last quarter. Marshall Wace LLP raised its position in FB Financial by 130.8% during the 2nd quarter. Marshall Wace LLP now owns 140,889 shares of the financial services provider's stock worth $6,382,000 after purchasing an additional 79,841 shares during the last quarter. Finally, State Street Corp grew its holdings in FB Financial by 4.9% during the 2nd quarter. State Street Corp now owns 1,621,116 shares of the financial services provider's stock worth $73,437,000 after acquiring an additional 75,951 shares during the period. 65.40% of the stock is owned by institutional investors.

FB Financial Stock Performance

Shares of FBK opened at $58.35 on Friday. FB Financial has a 52 week low of $38.83 and a 52 week high of $58.88. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 30.23 and a beta of 0.91. The stock has a fifty day moving average of $52.26 and a 200-day moving average of $47.28.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings results on Monday, July 14th. The financial services provider reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.01). FB Financial had a net margin of 11.46% and a return on equity of 10.15%. The firm had revenue of $76.86 million during the quarter, compared to the consensus estimate of $136.32 million. As a group, equities analysts forecast that FB Financial will post 3.64 EPS for the current year.

FB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 12th. FB Financial's dividend payout ratio (DPR) is currently 39.38%.

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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