FB Financial Co. (NYSE:FBK) Receives Consensus Recommendation of “Hold” from Analysts

FB Financial Co. (NYSE:FBK) has earned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.80.

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods cut their price target on FB Financial from $58.00 to $52.00 and set a “market perform” rating for the company in a report on Thursday, April 17th. Piper Sandler cut their price target on FB Financial from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and cut their price target for the company from $60.00 to $59.00 in a report on Tuesday, April 1st. Stephens cut their price target on FB Financial from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Thursday.

Insider Transactions at FB Financial

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $48.51 per share, with a total value of $97,020.00. Following the transaction, the insider now owns 10,931,841 shares in the company, valued at approximately $530,303,606.91. This trade represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James W. Iv Cross purchased 7,200 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The shares were acquired at an average cost of $40.49 per share, with a total value of $291,528.00. Following the completion of the transaction, the director now owns 61,278 shares in the company, valued at $2,481,146.22. This trade represents a 13.31% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Institutional Trading of FB Financial

Institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in FB Financial during the 1st quarter worth $33,000. Sterling Capital Management LLC boosted its position in FB Financial by 810.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 997 shares during the period. GAMMA Investing LLC boosted its position in FB Financial by 36.7% during the 1st quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 370 shares during the period. CWM LLC boosted its position in FB Financial by 58.2% during the 1st quarter. CWM LLC now owns 1,660 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 611 shares during the period. Finally, KBC Group NV boosted its position in FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 555 shares during the period. 65.40% of the stock is owned by hedge funds and other institutional investors.

FB Financial Stock Performance

Shares of FBK opened at $43.60 on Monday. The stock has a fifty day moving average of $43.87 and a two-hundred day moving average of $49.41. The company has a market capitalization of $2.00 billion, a PE ratio of 17.65 and a beta of 0.93. FB Financial has a fifty-two week low of $34.50 and a fifty-two week high of $58.88.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. The company had revenue of $130.67 million during the quarter, compared to the consensus estimate of $132.28 million. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. During the same period in the previous year, the firm posted $0.85 EPS. As a group, equities research analysts forecast that FB Financial will post 3.64 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. FB Financial’s payout ratio is 27.94%.

FB Financial Company Profile

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.