FB Financial (NYSE:FBK) Stock Rating Upgraded by Wall Street Zen

Key Points

• FB Financial's stock rating was upgraded from a "sell" to a "hold" by investment analysts at Wall Street Zen, reflecting a positive shift in analyst sentiment.
• Analysts now anticipate an average target price of $60.80 for FB Financial shares, with five analysts issuing a Buy rating and one a Hold rating.
• FB Financial has shown strong price performance, trading between a 12-month low of $38.83 and a high of $60.51, with a market capitalization of $2.81 billion.

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

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of FB Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and upped their target price for the company from $52.00 to $58.00 in a research note on Friday, July 11th. Cantor Fitzgerald restated an "overweight" rating and issued a $66.00 target price (up previously from $61.00) on shares of FB Financial in a research note on Thursday. Finally, Piper Sandler upped their target price on shares of FB Financial from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Thursday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.80.

FB Financial Price Performance

Shares of FBK stock opened at $52.15 on Friday. FB Financial has a 12 month low of $38.83 and a 12 month high of $60.51. The firm has a market capitalization of $2.81 billion, a P/E ratio of 24.37 and a beta of 0.91. The company's fifty day moving average price is $53.94 and its two-hundred day moving average price is $47.92.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 15th. The financial services provider reported $1.14 EPS for the quarter. FB Financial had a net margin of 11.73% and a return on equity of 10.56%. The firm had revenue of $163.71 million for the quarter. On average, sell-side analysts anticipate that FB Financial will post 3.64 EPS for the current year.

Institutional Investors Weigh In On FB Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp raised its stake in FB Financial by 4.9% during the second quarter. State Street Corp now owns 1,621,116 shares of the financial services provider's stock worth $73,437,000 after acquiring an additional 75,951 shares during the period. Deprince Race & Zollo Inc. bought a new position in FB Financial in the 3rd quarter worth about $48,674,000. Nuveen LLC bought a new position in FB Financial in the 1st quarter worth about $39,275,000. Millennium Management LLC grew its position in FB Financial by 11.8% in the 1st quarter. Millennium Management LLC now owns 354,156 shares of the financial services provider's stock worth $16,419,000 after purchasing an additional 37,385 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in FB Financial by 1.1% in the 2nd quarter. Federated Hermes Inc. now owns 344,169 shares of the financial services provider's stock worth $15,591,000 after purchasing an additional 3,717 shares during the last quarter. 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.

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