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

FB Financial (NYSE:FBK - Get Free Report) was upgraded by equities researchers at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a research note issued on Friday, MarketBeat.com reports. The firm currently has a $58.00 price target on the financial services provider's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 22.26% from the stock's current price.

Several other research analysts have also issued reports on the company. Piper Sandler decreased their target price on FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wall Street Zen raised FB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Stephens decreased their target price on FB Financial from $65.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, Hovde Group raised FB Financial from a "market perform" rating to an "outperform" rating and decreased their target price 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 hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, FB Financial has an average rating of "Moderate Buy" and a consensus price target of $58.25.

FB Financial Price Performance

FBK opened at $47.44 on Friday. The business has a 50 day simple moving average of $44.71 and a two-hundred day simple moving average of $46.93. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 17.44 and a beta of 0.91. FB Financial has a one year low of $38.83 and a one year high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The financial services provider reported $0.85 EPS for the quarter, meeting analysts' consensus estimates of $0.85. FB Financial had a return on equity of 10.24% and a net margin of 16.27%. The business had revenue of $130.67 million during the quarter, compared to analyst estimates of $132.28 million. During the same quarter in the prior year, the company posted $0.85 EPS. As a group, sell-side analysts expect that FB Financial will post 3.64 EPS for the current fiscal year.

Insider Buying and Selling at FB Financial

In related news, Director James W. Iv Cross purchased 7,200 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The shares were bought at an average price of $40.49 per share, for a total transaction of $291,528.00. Following the purchase, the director directly owned 61,278 shares of the company's stock, valued at approximately $2,481,146.22. This represents a 13.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Institutional Trading of FB Financial

Several institutional investors have recently added to or reduced their stakes in FBK. Meeder Asset Management Inc. purchased a new stake in FB Financial during the 1st quarter valued at $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 last quarter. GAMMA Investing LLC boosted its stake in FB Financial by 36.7% during the 1st quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 370 shares during the last quarter. CWM LLC boosted its stake in FB Financial by 58.2% during the 1st 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 last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in FB Financial by 7.1% during the 1st 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 last quarter. 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.

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