Brokerages Set FB Financial Co. (NYSE:FBK) Price Target at $39.43

Shares of FB Financial Co. (NYSE:FBK) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $39.43.

A number of equities research analysts recently issued reports on FBK shares. Stephens lowered their price objective on FB Financial from $45.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 17th. Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $40.50 in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price objective on FB Financial from $41.00 to $43.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 17th. Piper Sandler upgraded FB Financial from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $41.00 in a research report on Tuesday, April 16th. Finally, StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th.

Insider Transactions at FB Financial

In related news, major shareholder James W. Ayers acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were purchased at an average price of $36.35 per share, for a total transaction of $72,700.00. Following the completion of the acquisition, the insider now owns 10,886,841 shares in the company, valued at $395,736,670.35. The purchase was disclosed in a filing with the SEC, which is available at this link. In other FB Financial news, major shareholder James W. Ayers bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average cost of $35.91 per share, with a total value of $107,730.00. Following the completion of the purchase, the insider now directly owns 10,884,841 shares of the company’s stock, valued at $390,874,640.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James W. Ayers bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average cost of $36.35 per share, for a total transaction of $72,700.00. Following the completion of the purchase, the insider now directly owns 10,886,841 shares of the company’s stock, valued at $395,736,670.35. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Trading of FB Financial

Several large investors have recently bought and sold shares of FBK. SG Americas Securities LLC boosted its position in FB Financial by 261.5% during the 3rd quarter. SG Americas Securities LLC now owns 21,203 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 15,337 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of FB Financial during the third quarter valued at approximately $209,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of FB Financial by 35.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,018 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 2,102 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of FB Financial by 2.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 181,532 shares of the financial services provider’s stock valued at $5,148,000 after purchasing an additional 4,615 shares during the last quarter. Finally, Wakefield Asset Management LLLP purchased a new position in FB Financial in the 3rd quarter worth approximately $648,000. 65.40% of the stock is owned by institutional investors.

FB Financial Price Performance

FB Financial stock opened at $38.66 on Friday. FB Financial has a one year low of $24.34 and a one year high of $41.00. The business has a fifty day moving average price of $36.04 and a 200-day moving average price of $35.40. The firm has a market capitalization of $1.81 billion, a P/E ratio of 16.24 and a beta of 1.15.

FB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.68 annualized dividend and a dividend yield of 1.76%. This is an increase from FB Financial’s previous quarterly dividend of $0.15. FB Financial’s payout ratio is currently 28.57%.

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.