FB Financial Corporation (FBK) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of FB Financial Corporation (NYSE:FBK) from a hold rating to a buy rating in a research note published on Monday.
Several other brokerages have also recently weighed in on FBK. Zacks Investment Research raised FB Financial Corporation from a hold rating to a buy rating and set a $41.00 price objective for the company in a report on Friday, July 7th. Stephens reaffirmed a buy rating and issued a $40.00 price objective on shares of FB Financial Corporation in a report on Monday, July 31st. UBS AG reiterated a buy rating and issued a $41.00 price target (down previously from $44.00) on shares of FB Financial Corporation in a research note on Wednesday, July 26th. Sandler O’Neill upgraded FB Financial Corporation from a hold rating to a buy rating and lifted their price target for the company from $37.00 to $39.00 in a research note on Tuesday, August 15th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $36.00 price target on shares of FB Financial Corporation in a research note on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $36.67.
Shares of FB Financial Corporation (FBK) opened at 35.76 on Monday. The company has a market capitalization of $1.09 billion and a PE ratio of 28.09. The stock’s 50 day moving average price is $35.42 and its 200-day moving average price is $35.42. FB Financial Corporation has a 52-week low of $19.81 and a 52-week high of $36.15.
FB Financial Corporation (NYSE:FBK) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The firm had revenue of $66.08 million during the quarter, compared to analysts’ expectations of $65.99 million. FB Financial Corporation had a return on equity of 11.57% and a net margin of 11.57%. On average, analysts expect that FB Financial Corporation will post $1.90 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “FB Financial Corporation (FBK) Rating Increased to Buy at ValuEngine” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/09/22/fb-financial-corporation-fbk-rating-increased-to-buy-at-valuengine.html.
Several institutional investors and hedge funds have recently modified their holdings of FBK. Nationwide Fund Advisors increased its stake in shares of FB Financial Corporation by 78.1% in the 2nd quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,732 shares during the last quarter. American International Group Inc. bought a new position in shares of FB Financial Corporation in the 1st quarter valued at $144,000. Metropolitan Life Insurance Co. NY bought a new position in shares of FB Financial Corporation in the 1st quarter valued at $179,000. Teachers Advisors LLC bought a new position in shares of FB Financial Corporation in the 4th quarter valued at $190,000. Finally, IFC Holdings Incorporated FL bought a new position in shares of FB Financial Corporation in the 2nd quarter valued at $239,000. Institutional investors own 31.86% of the company’s stock.
About FB Financial Corporation
FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for FB Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FB Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.