FB Financial (NYSE:FBK) Now Covered by Cantor Fitzgerald

Key Points

• FB Financial was upgraded to a "strong-buy" rating by Cantor Fitzgerald, signaling increased confidence in the stock's performance.
• The company has a current average price target of $58.80, with a mix of ratings from analysts including one "strong buy" and four "buy" ratings.
• FB Financial's recent earnings report showed EPS of $0.88, which fell short of analysts' expectations, indicating potential challenges despite positive analyst sentiment.

Investment analysts at Cantor Fitzgerald started coverage on shares of FB Financial (NYSE:FBK - Get Free Report) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set an "overweight" rating on the financial services provider's stock.

Several other research analysts have also recently weighed in on FBK. Wall Street Zen cut shares of FB Financial from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and upped their price target for the company from $52.00 to $58.00 in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $58.80.

FB Financial Stock Up 0.5%

FB Financial stock opened at $53.14 on Tuesday. The stock has a market capitalization of $2.86 billion, a PE ratio of 27.53 and a beta of 0.93. FB Financial has a twelve month low of $38.83 and a twelve month high of $58.88. The company has a 50 day moving average of $50.03 and a 200-day moving average of $46.46.

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

Institutional Trading of FB Financial

Large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in FB Financial in the first quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its stake in FB Financial by 1,152.2% in the second quarter. EverSource Wealth Advisors LLC now owns 864 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 795 shares during the last quarter. GAMMA Investing LLC lifted its stake in FB Financial by 36.7% in the first quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 370 shares during the last quarter. CWM LLC raised its position in shares of FB Financial by 58.2% in the first quarter. CWM LLC now owns 1,660 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 611 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of FB Financial by 7.1% in the first quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 65.40% of the company's stock.

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.