Wall Street Zen Downgrades FB Financial (NYSE:FBK) to Sell

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

A number of other analysts have also recently weighed in on the stock. Piper Sandler decreased their target price on shares of FB Financial from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Stephens cut their price target on shares of FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Hovde Group upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and cut their price target for the stock from $60.00 to $59.00 in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $52.00 to $58.00 in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $58.25.

FB Financial Stock Down 0.9%

Shares of NYSE FBK traded down $0.43 during midday trading on Friday, reaching $48.83. 428,706 shares of the company were exchanged, compared to its average volume of 205,484. The stock's 50-day moving average price is $45.16 and its 200-day moving average price is $46.78. The stock has a market cap of $2.24 billion, a P/E ratio of 25.30 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 posted its earnings results on Monday, July 14th. The financial services provider reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.01). The company had revenue of $76.86 million for the quarter, compared to the consensus estimate of $136.32 million. FB Financial had a return on equity of 10.15% and a net margin of 11.46%. On average, equities research analysts anticipate that FB Financial will post 3.64 EPS for the current year.

Hedge Funds Weigh In On FB Financial

A number of hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in FB Financial in the first quarter valued at $33,000. Sterling Capital Management LLC lifted its holdings in FB Financial by 810.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider's stock valued at $58,000 after buying an additional 997 shares during the period. GAMMA Investing LLC lifted its holdings in FB Financial by 36.7% in the first quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock valued at $64,000 after buying an additional 370 shares during the period. CWM LLC lifted its holdings in FB Financial by 58.2% in the first quarter. CWM LLC now owns 1,660 shares of the financial services provider's stock valued at $77,000 after buying an additional 611 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in FB Financial by 7.1% in the first quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider's stock valued at $202,000 after buying an additional 290 shares during the period. 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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