FB Financial (NYSE:FBK) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of FB Financial (NYSE:FBK - Free Report) from a hold rating to a sell rating in a report published on Monday.

A number of other equities research analysts have also recently issued reports on the stock. 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. Hovde Group raised shares of 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 research note on Tuesday, April 1st. Stephens decreased their price target 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. Finally, Piper Sandler cut their price objective on FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, FB Financial has a consensus rating of "Hold" and an average price target of $53.80.

FB Financial Stock Performance

Shares of FBK traded up $1.44 during trading hours on Monday, hitting $44.73. The stock had a trading volume of 174,451 shares, compared to its average volume of 170,698. The firm has a 50-day moving average price of $44.58 and a 200 day moving average price of $49.91. 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 $2.09 billion, a price-to-earnings ratio of 18.11 and a beta of 0.93.

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, meeting analysts' consensus estimates of $0.85. The firm had revenue of $130.67 million for the quarter, compared to analysts' expectations of $132.28 million. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. During the same period last year, the firm earned $0.85 EPS. As a group, analysts predict that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Tuesday, May 13th. FB Financial's dividend payout ratio (DPR) is presently 27.94%.

Insider Activity

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average price of $51.83 per share, with a total value of $103,660.00. Following the purchase, the insider now directly owns 10,927,841 shares in the company, valued at approximately $566,389,999.03. This trade represents a 0.02 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James W. Iv Cross acquired 7,200 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The shares were acquired at an average cost of $40.49 per share, with a total value of $291,528.00. Following the completion of the transaction, the director now directly owns 61,278 shares in the company, 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 bought a total of 13,200 shares of company stock valued at $596,348 in the last 90 days. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. TBH Global Asset Management LLC boosted its position in shares of FB Financial by 5.3% during the 1st quarter. TBH Global Asset Management LLC now owns 5,790 shares of the financial services provider's stock worth $268,000 after purchasing an additional 290 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of FB Financial by 7.1% during the first quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider's stock worth $202,000 after buying an additional 290 shares during the period. GAMMA Investing LLC grew its stake in shares of FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock valued at $52,000 after buying an additional 314 shares in the last quarter. Albert D Mason Inc. raised its holdings in shares of FB Financial by 1.5% in the 4th quarter. Albert D Mason Inc. now owns 23,474 shares of the financial services provider's stock valued at $1,209,000 after buying an additional 346 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in FB Financial by 1.6% during the 4th quarter. Teacher Retirement System of Texas now owns 25,528 shares of the financial services provider's stock worth $1,315,000 after acquiring an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

About FB Financial

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.