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

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

A number of other brokerages have also commented on FBK. Piper Sandler cut their price target on FB Financial from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Hovde Group raised FB Financial from a "market perform" rating to an "outperform" rating and cut their price target for the company from $60.00 to $59.00 in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods cut their price target 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. Finally, Stephens cut 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. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $53.80.

FB Financial Price Performance

NYSE:FBK traded up $0.80 during trading hours on Monday, hitting $43.36. The company's stock had a trading volume of 234,690 shares, compared to its average volume of 170,440. The stock has a fifty day simple moving average of $44.79 and a 200-day simple moving average of $49.97. The company has a market capitalization of $2.02 billion, a P/E ratio of 17.55 and a beta of 0.92. FB Financial has a twelve month low of $34.50 and a twelve month high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $132.28 million. During the same period last year, the firm posted $0.85 earnings per share. On average, equities analysts predict that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, May 13th. FB Financial's dividend payout ratio (DPR) is presently 27.94%.

Insider Buying and Selling at FB Financial

In other FB Financial news, Director James W. Iv Cross purchased 7,200 shares of the company's stock in a transaction on Wednesday, April 16th. The shares were purchased at an average cost of $40.49 per share, with a total value of $291,528.00. Following the completion of the purchase, the director now owns 61,278 shares in the company, valued at $2,481,146.22. This represents a 13.31 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder James W. Ayers purchased 2,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $52.56 per share, for a total transaction of $105,120.00. Following the completion of the purchase, the insider now owns 10,919,841 shares of the company's stock, valued at approximately $573,946,842.96. This trade represents a 0.02 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 15,200 shares of company stock valued at $701,468. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FB Financial

A number of institutional investors have recently modified their holdings of FBK. GAMMA Investing LLC raised its position in shares of FB Financial by 45.2% during 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. Sterling Capital Management LLC raised its position in shares of 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 purchasing an additional 997 shares during the period. CWM LLC raised its position in shares of FB Financial by 58.2% during the first 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. KBC Group NV raised its position in shares of FB Financial by 36.2% during the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock worth $108,000 after purchasing an additional 555 shares during the period. Finally, Nisa Investment Advisors LLC raised 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 purchasing an additional 290 shares during the period. 65.40% of the stock is owned by institutional investors and hedge funds.

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.