FB Financial (FBK) Stock Rating Lowered by Zacks Investment Research

FB Financial (NYSE:FBK) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “FB Financial Corp is a bank holding company. It operates through its wholly owned banking subsidiary, FirstBank. The company provides commercial and consumer banking services to clients. It operates primarily in Tennessee, North Alabama and North Georgia. The company also provides national mortgage business. FB Financial Corp is headquartered in Nashville, Tennessee. “

FBK has been the topic of several other research reports. ValuEngine lowered shares of FB Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 price target on shares of FB Financial in a report on Thursday, October 26th. Finally, UBS Group raised their price target 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. FB Financial has an average rating of “Buy” and a consensus price target of $42.33.

FB Financial (NYSE:FBK) traded up $0.07 during mid-day trading on Tuesday, hitting $40.01. 87,158 shares of the company traded hands, compared to its average volume of 116,042. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.83 and a current ratio of 0.95. FB Financial has a 52 week low of $30.40 and a 52 week high of $45.43. The company has a market cap of $1,230.00 and a price-to-earnings ratio of 21.86.

FB Financial (NYSE:FBK) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.06. FB Financial had a net margin of 16.84% and a return on equity of 12.72%. The company had revenue of $86.00 million for the quarter, compared to analyst estimates of $79.79 million. equities analysts predict that FB Financial will post 2.96 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc grew its holdings in FB Financial by 70.9% in the 3rd quarter. Legal & General Group Plc now owns 3,195 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,326 shares during the last quarter. Delta Asset Management LLC TN grew its holdings in FB Financial by 1,000.0% in the 4th quarter. Delta Asset Management LLC TN now owns 3,300 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 3,000 shares during the last quarter. Nationwide Fund Advisors grew its holdings in FB Financial by 78.1% in the 2nd quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 1,732 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in FB Financial in the 3rd quarter worth $202,000. Finally, Trustcore Financial Services LLC bought a new stake in FB Financial in the 4th quarter worth $227,000. 35.23% 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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