FB Financial (NYSE:FBK) released its earnings results on Monday. The financial services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06, Bloomberg Earnings reports. FB Financial had a net margin of 13.61% and a return on equity of 11.90%.
Shares of FB Financial (NYSE FBK) traded up $0.13 during trading on Monday, reaching $43.82. 157,667 shares of the company’s stock traded hands, compared to its average volume of 94,647. The stock has a market capitalization of $1,340.00 and a price-to-earnings ratio of 30.01. FB Financial has a one year low of $23.71 and a one year high of $45.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.83.
A number of research firms recently weighed in on FBK. Zacks Investment Research upgraded shares of FB Financial from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Wednesday, January 3rd. Raymond James Financial initiated coverage on shares of FB Financial in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $41.00 price target on the stock. UBS Group increased their price target on shares of FB Financial from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $42.00 price target on shares of FB Financial in a research note on Thursday, October 26th. Finally, ValuEngine lowered shares of FB Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. FB Financial presently has a consensus rating of “Buy” and a consensus price target of $42.33.
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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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