FB Financial Corporation (FBK) Receives Consensus Rating of “Buy” from Analysts
Shares of FB Financial Corporation (NYSE:FBK) have received an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $41.40.
Several brokerages have recently commented on FBK. ValuEngine cut shares of FB Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of FB Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 target price on shares of FB Financial in a report on Thursday, October 26th. UBS raised their target price on shares of FB Financial from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Raymond James Financial began coverage on shares of FB Financial in a report on Tuesday, October 10th. They set an “outperform” rating and a $41.00 target price on the stock.
Shares of FB Financial (NYSE:FBK) traded up $0.50 during mid-day trading on Thursday, reaching $42.98. 71,134 shares of the company’s stock traded hands, compared to its average volume of 75,957. FB Financial has a 1 year low of $23.30 and a 1 year high of $44.08. The firm has a market capitalization of $1,289.77, a P/E ratio of 21.78 and a beta of 2.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.83.
Large investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its stake in FB Financial by 70.9% in the third quarter. Legal & General Group Plc now owns 3,195 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,326 shares during the last quarter. Nationwide Fund Advisors increased its stake in FB Financial by 78.1% in the second quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,732 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in FB Financial in the first quarter valued at approximately $179,000. Raymond James Financial Services Advisors Inc. bought a new position in FB Financial in the third quarter valued at approximately $202,000. Finally, IFC Holdings Incorporated FL bought a new position in FB Financial in the second quarter valued at approximately $239,000. 35.34% of the stock is currently owned by institutional investors and hedge funds.
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FB Financial Company Profile
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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