FB Financial (NYSE:FBK) Upgraded at Wall Street Zen

FB Financial (NYSE:FBK - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday.

A number of other research analysts also recently commented on the company. Keefe, Bruyette & Woods reduced their price target 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. Stephens reduced their target price on FB Financial from $65.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Piper Sandler cut their target price on shares of FB Financial from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Hovde Group raised shares of 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 research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.80.

FB Financial Price Performance

FBK traded up $0.74 during trading on Thursday, hitting $44.37. The company's stock had a trading volume of 29,922 shares, compared to its average volume of 203,262. FB Financial has a twelve month low of $34.50 and a twelve month high of $58.88. The stock has a market cap of $2.04 billion, a PE ratio of 17.96 and a beta of 0.93. The firm's 50 day moving average price is $43.80 and its 200-day moving average price is $49.33.

FB Financial (NYSE:FBK - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.85. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. The firm had revenue of $130.67 million during the quarter, compared to the consensus estimate of $132.28 million. During the same quarter in the previous year, the business earned $0.85 earnings per share. Equities analysts anticipate that FB Financial will post 3.64 earnings per share for the current year.

Insider Activity at FB Financial

In related news, Director James W. Iv Cross purchased 7,200 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were acquired at an average cost of $40.49 per share, for a total transaction of $291,528.00. Following the transaction, the director now owns 61,278 shares of the company's stock, valued at $2,481,146.22. This trade represents a 13.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder James W. Ayers acquired 2,000 shares of FB Financial stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $48.51 per share, with a total value of $97,020.00. Following the transaction, the insider now directly owns 10,931,841 shares in the company, valued at approximately $530,303,606.91. This trade represents a 0.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On FB Financial

Several large investors have recently added to or reduced their stakes in FBK. Meeder Asset Management Inc. bought a new position in shares of FB Financial during the first quarter worth about $33,000. Sterling Capital Management LLC boosted its stake in FB Financial by 810.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 997 shares during the period. GAMMA Investing LLC grew its position in FB Financial by 36.7% in the 1st quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock worth $64,000 after purchasing an additional 370 shares during the last quarter. CWM LLC grew its position in 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 last quarter. Finally, KBC Group NV increased its stake in shares of FB Financial by 36.2% in the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock valued at $108,000 after purchasing an additional 555 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.