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

FB Financial Co. (NYSE:FBK) has been given an average rating of “Hold” by the five research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $50.20.

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Hovde Group downgraded shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a report on Monday, November 18th. Finally, StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd.

Insider Buying and Selling

In related news, major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average price of $51.40 per share, with a total value of $102,800.00. Following the acquisition, the insider now owns 10,913,841 shares of the company’s stock, valued at approximately $560,971,427.40. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders acquired 14,000 shares of company stock valued at $716,880. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On FB Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in FB Financial in the 3rd quarter worth approximately $47,000. GAMMA Investing LLC lifted its stake in FB Financial by 45.2% in the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 314 shares in the last quarter. Sterling Capital Management LLC lifted its stake in FB Financial by 810.6% in 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 in the last quarter. nVerses Capital LLC purchased a new stake in FB Financial in the 3rd quarter worth approximately $84,000. Finally, KBC Group NV lifted its stake in FB Financial by 36.2% in 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 in the last quarter. 65.40% of the stock is currently owned by institutional investors.

FB Financial Price Performance

FBK opened at $51.74 on Friday. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 20.95 and a beta of 1.15. The firm’s fifty day moving average price is $52.36 and its two-hundred day moving average price is $50.31. FB Financial has a 1 year low of $33.35 and a 1 year high of $58.88.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. As a group, equities analysts anticipate that FB Financial will post 3.64 EPS for the current year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be paid a dividend of $0.19 per share. This is a boost from FB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, February 11th. FB Financial’s dividend payout ratio is presently 30.77%.

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.