FB Financial Co. (NYSE:FBK) Receives $39.43 Consensus Target Price from Analysts

FB Financial Co. (NYSE:FBK - Get Free Report) has earned a consensus recommendation of "Hold" from the seven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $39.43.

A number of brokerages recently issued reports on FBK. Stephens lowered their price objective on FB Financial from $45.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 17th. JPMorgan Chase & Co. raised their price objective on shares of FB Financial from $41.00 to $43.00 and gave the stock an "underweight" rating in a report on Wednesday, April 17th. Hovde Group raised shares of FB Financial from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $40.00 to $40.50 in a report on Tuesday, April 16th. Piper Sandler upgraded FB Financial from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $38.00 to $41.00 in a research report on Tuesday, April 16th. Finally, StockNews.com raised FB Financial from a "sell" rating to a "hold" rating in a report on Tuesday, April 16th.

FB Financial Price Performance

Shares of NYSE FBK traded down $0.29 during midday trading on Thursday, reaching $38.86. The company's stock had a trading volume of 83,077 shares, compared to its average volume of 130,464. The stock has a market capitalization of $1.83 billion, a P/E ratio of 16.33 and a beta of 1.12. FB Financial has a 12-month low of $25.61 and a 12-month high of $41.00. The firm has a 50 day moving average price of $36.76 and a 200-day moving average price of $36.40.

FB Financial (NYSE:FBK - Get Free Report) last released its earnings results on Monday, April 15th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.15. FB Financial had a net margin of 14.90% and a return on equity of 10.20%. The firm had revenue of $107.45 million for the quarter, compared to analysts' expectations of $119.84 million. On average, equities analysts predict that FB Financial will post 3.05 EPS for the current year.

FB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, May 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.75%. FB Financial's payout ratio is 28.57%.

Insider Activity

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was acquired at an average cost of $36.35 per share, for a total transaction of $72,700.00. Following the completion of the transaction, the insider now directly owns 10,886,841 shares in the company, valued at approximately $395,736,670.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC grew its holdings in FB Financial by 1.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 25,229 shares of the financial services provider's stock worth $1,005,000 after acquiring an additional 278 shares during the last quarter. Albert D Mason Inc. grew its stake in shares of FB Financial by 1.3% in the first quarter. Albert D Mason Inc. now owns 23,099 shares of the financial services provider's stock worth $870,000 after purchasing an additional 297 shares during the last quarter. Mariner LLC increased its holdings in FB Financial by 1.6% during the 3rd quarter. Mariner LLC now owns 20,087 shares of the financial services provider's stock valued at $570,000 after purchasing an additional 323 shares during the period. Texas Permanent School Fund Corp raised its position in FB Financial by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 30,747 shares of the financial services provider's stock valued at $1,158,000 after purchasing an additional 398 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in FB Financial by 17.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,007 shares of the financial services provider's stock worth $85,000 after buying an additional 449 shares during the period. 65.40% of the stock is 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.