FB Financial (NYSE:FBK) Upgraded to Outperform at Keefe, Bruyette & Woods

FB Financial (NYSE:FBK - Get Free Report) was upgraded by stock analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a $58.00 price target on the financial services provider's stock, up from their prior price target of $52.00. Keefe, Bruyette & Woods' target price would suggest a potential upside of 17.76% from the company's previous close.

Several other equities analysts also recently weighed in on the company. Stephens reduced their target price on FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Hovde Group upgraded FB Financial from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $60.00 to $59.00 in a research report on Tuesday, April 1st. Piper Sandler reduced their target price on FB Financial from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen upgraded FB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.25.

FB Financial Stock Up 2.1%

Shares of FBK traded up $1.03 during trading hours on Friday, reaching $49.25. 1,053,227 shares of the company traded hands, compared to its average volume of 197,122. The stock has a market capitalization of $2.26 billion, a PE ratio of 18.11 and a beta of 0.91. FB Financial has a fifty-two week low of $38.83 and a fifty-two week high of $58.88. The stock has a fifty day simple moving average of $44.78 and a 200 day simple moving average of $46.83.

FB Financial (NYSE:FBK - Get Free Report) last posted its quarterly earnings data 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 16.27% and a return on equity of 10.24%. Research analysts predict that FB Financial will post 3.64 EPS for the current fiscal year.

Insider Activity at FB Financial

In other news, Director James W. Iv Cross acquired 7,200 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were bought at an average cost of $40.49 per share, for a total transaction of $291,528.00. Following the acquisition, the director directly owned 61,278 shares in the company, valued at $2,481,146.22. This trade represents a 13.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FB Financial

A number of large investors have recently modified their holdings of the company. Avantax Advisory Services Inc. raised its holdings in shares of FB Financial by 0.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 34,705 shares of the financial services provider's stock worth $1,609,000 after purchasing an additional 253 shares during the period. TBH Global Asset Management LLC raised its holdings in shares of FB Financial by 5.3% in 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 raised its holdings in shares of FB Financial by 7.1% in the 1st 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. GAMMA Investing LLC raised its holdings in shares of 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 period. Finally, Albert D Mason Inc. raised its holdings in shares of FB Financial by 1.7% during the 1st quarter. Albert D Mason Inc. now owns 23,872 shares of the financial services provider's stock valued at $1,107,000 after buying an additional 398 shares during the period. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

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.