FB Financial Corporation (NYSE:FBK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of FB Financial Corporation (NYSE:FBK) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $60.80.

Several equities analysts recently commented on the company. Wall Street Zen upgraded FB Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Piper Sandler upped their price target on FB Financial from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of FB Financial in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $66.00 price objective (up previously from $61.00) on shares of FB Financial in a report on Thursday, October 16th.

FB Financial Price Performance

Shares of FB Financial stock opened at $56.98 on Friday. The stock has a fifty day moving average price of $55.50 and a 200-day moving average price of $51.76. The firm has a market cap of $3.05 billion, a PE ratio of 26.63 and a beta of 0.99. FB Financial has a 1 year low of $38.83 and a 1 year high of $60.51.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Tuesday, February 15th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter. FB Financial had a net margin of 11.73% and a return on equity of 10.56%. The business had revenue of $163.71 million during the quarter. As a group, equities analysts anticipate that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were paid a $0.19 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. FB Financial’s dividend payout ratio (DPR) is presently 35.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Investors Research Corp purchased a new stake in shares of FB Financial during the third quarter worth $26,000. UMB Bank n.a. raised its stake in shares of FB Financial by 155.9% during the 3rd quarter. UMB Bank n.a. now owns 481 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 293 shares during the period. Tripletail Wealth Management LLC purchased a new stake in FB Financial during the 3rd quarter worth about $31,000. Bessemer Group Inc. lifted its holdings in FB Financial by 294.7% during the 3rd quarter. Bessemer Group Inc. now owns 746 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 557 shares in the last quarter. Finally, First Horizon Corp bought a new position in FB Financial in the 3rd quarter worth about $45,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

About FB Financial

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.