FB Financial (NYSE:FBK) Receives Hold (C) Rating from Weiss Ratings

Key Points

• FB Financial received a "hold (C)" rating from Weiss Ratings, while other analysts have differing views, with one downgrading it to a "sell" and others suggesting an "overweight" rating with a price target of $61.00.
• The company reported earnings per share (EPS) of $0.88, slightly missing the consensus estimate of $0.89, with revenue of $76.86 million compared to expectations of $136.32 million.
• Institutional investors hold 65.40% of FB Financial's stock, with significant recent increases in holdings from various investing firms, including GAMMA Investing raising its stake by over 6,000%.

FB Financial (NYSE:FBK - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently commented on the stock. Wall Street Zen cut shares of FB Financial from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Cantor Fitzgerald initiated coverage on shares of FB Financial in a research report on Wednesday, September 10th. They set an "overweight" rating and a $61.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised 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 research report on Friday, July 11th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, FB Financial has a consensus rating of "Moderate Buy" and a consensus price target of $58.80.

FB Financial Stock Performance

Shares of NYSE:FBK opened at $59.20 on Wednesday. The company has a fifty day moving average of $52.83 and a 200-day moving average of $47.52. The company has a market capitalization of $3.19 billion, a PE ratio of 30.67 and a beta of 0.91. FB Financial has a 52-week low of $38.83 and a 52-week high of $60.51.

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

Institutional Investors Weigh In On FB Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of FB Financial by 6,237.7% in the 1st quarter. GAMMA Investing LLC now owns 63,884 shares of the financial services provider's stock worth $2,962,000 after acquiring an additional 62,876 shares during the last quarter. Lbmc Investment Advisors LLC purchased a new stake in FB Financial in the 2nd quarter valued at about $254,000. Envestnet Asset Management Inc. increased its stake in FB Financial by 2.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 192,496 shares of the financial services provider's stock valued at $8,924,000 after buying an additional 3,779 shares during the last quarter. Ieq Capital LLC purchased a new stake in FB Financial in the 1st quarter valued at about $245,000. Finally, Trexquant Investment LP purchased a new stake in FB Financial in the 1st quarter valued at about $769,000. Institutional investors and hedge funds own 65.40% of the company's stock.

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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