FB Financial (NYSE:FBK) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Monday.
FBK has been the topic of several other reports. TheStreet downgraded FB Financial from a “b-” rating to a “c” rating in a report on Friday, October 12th. Stephens reissued a “hold” rating and issued a $40.00 price objective on shares of FB Financial in a research note on Thursday, November 15th. Finally, Raymond James dropped their price objective on FB Financial from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $43.50.
FBK traded up $0.33 during midday trading on Monday, hitting $39.06. 58,500 shares of the company were exchanged, compared to its average volume of 98,993. The company has a market capitalization of $1.19 billion, a PE ratio of 18.25 and a beta of 1.28. FB Financial has a 1-year low of $33.12 and a 1-year high of $45.43.
FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). The company had revenue of $87.11 million for the quarter, compared to analyst estimates of $84.58 million. FB Financial had a return on equity of 13.41% and a net margin of 23.18%. Equities research analysts forecast that FB Financial will post 2.74 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in FBK. Tower Research Capital LLC TRC lifted its stake in shares of FB Financial by 650.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,344 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 3,765 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of FB Financial in the 2nd quarter valued at about $204,000. Stephens Inc. AR acquired a new position in shares of FB Financial in the 2nd quarter valued at about $230,000. UBS Group AG lifted its stake in shares of FB Financial by 41.3% in the 1st quarter. UBS Group AG now owns 6,245 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 1,824 shares during the period. Finally, Capital Fund Management S.A. lifted its stake in shares of FB Financial by 48.1% in the 2nd quarter. Capital Fund Management S.A. now owns 7,700 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 2,500 shares during the period. 54.63% of the stock is currently owned by institutional investors.
FB Financial Company Profile
FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.
Further Reading: Return on Investment (ROI) Defined, Explained
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