FB Financial Corporation (NYSE:FBK) was upgraded by investment analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a report issued on Tuesday, Marketbeat reports.

Other analysts have also recently issued research reports about the stock. Stephens reissued a “buy” rating and issued a $40.00 price objective on shares of FB Financial Corporation in a research note on Monday, July 31st. UBS AG reissued a “buy” rating and issued a $41.00 price objective (down previously from $44.00) on shares of FB Financial Corporation in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of FB Financial Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Friday, July 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price objective on shares of FB Financial Corporation in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. FB Financial Corporation has a consensus rating of “Buy” and an average price target of $36.20.

FB Financial Corporation (NYSE:FBK) traded up 3.15% during trading on Tuesday, hitting $35.09. The stock had a trading volume of 189,332 shares. FB Financial Corporation has a 1-year low of $19.81 and a 1-year high of $38.59. The firm’s 50 day moving average is $34.85 and its 200 day moving average is $33.92. The firm has a market cap of $1.02 billion and a price-to-earnings ratio of 27.56.

FB Financial Corporation (NYSE:FBK) last issued its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. FB Financial Corporation had a net margin of 11.57% and a return on equity of 13.09%. The company had revenue of $66.08 million for the quarter, compared to analysts’ expectations of $65.99 million. On average, analysts anticipate that FB Financial Corporation will post $1.90 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the stock. Mendon Capital Advisors Corp boosted its stake in shares of FB Financial Corporation by 33.4% in the first quarter. Mendon Capital Advisors Corp now owns 652,224 shares of the financial services provider’s stock worth $23,063,000 after buying an additional 163,285 shares during the period. RE Advisers Corp boosted its stake in shares of FB Financial Corporation by 1.2% in the second quarter. RE Advisers Corp now owns 610,975 shares of the financial services provider’s stock worth $22,111,000 after buying an additional 7,500 shares during the period. Jacobs Asset Management LLC boosted its stake in shares of FB Financial Corporation by 260.9% in the second quarter. Jacobs Asset Management LLC now owns 415,000 shares of the financial services provider’s stock worth $15,019,000 after buying an additional 300,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of FB Financial Corporation by 15.6% in the second quarter. Vanguard Group Inc. now owns 302,864 shares of the financial services provider’s stock worth $10,960,000 after buying an additional 40,799 shares during the period. Finally, Elk Creek Partners LLC boosted its stake in shares of FB Financial Corporation by 5.9% in the first quarter. Elk Creek Partners LLC now owns 294,958 shares of the financial services provider’s stock worth $10,430,000 after buying an additional 16,446 shares during the period. 22.73% of the stock is currently owned by institutional investors and hedge funds.

About FB Financial Corporation

FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.

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