FB Financial Co.’s (FBK) Quiet Period Set To End on October 26th
FB Financial’s (NYSE:FBK) quiet period is set to end on Wednesday, October 26th. FB Financial had issued 5,882,352 shares in its public offering on September 16th. The total size of the offering was $111,764,688 based on an initial share price of $19.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Several research firms recently weighed in on FBK. Sandler O’Neill began coverage on shares of FB Financial in a research report on Tuesday, October 11th. They set a “hold” rating for the company. JPMorgan Chase & Co. began coverage on shares of FB Financial in a research report on Tuesday, October 11th. They set a “neutral” rating and a $23.00 price target for the company. Finally, Keefe, Bruyette & Woods began coverage on shares of FB Financial in a research note on Tuesday, October 11th. They set an “outperform” rating and a $25.00 price objective for the company.
FB Financial (NYSE:FBK) opened at 21.17 on Wednesday. FB Financial has a 52-week low of $19.81 and a 52-week high of $22.27. The stock has a market cap of $363.70 million and a PE ratio of 6.56. The company’s 50 day moving average is $21.00 and its 200-day moving average is $21.00.
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