FB Financial Corp (NYSE:FBK) has received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $41.80.

A number of research analysts have commented on FBK shares. Stephens lowered FB Financial from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $47.00 to $40.00 in a research report on Wednesday, October 24th. SunTrust Banks began coverage on FB Financial in a research report on Tuesday, December 11th. They set a “buy” rating and a $43.00 price target for the company. Raymond James reduced their price objective on FB Financial from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 24th. TheStreet raised FB Financial from a “c” rating to a “b-” rating in a research report on Monday, September 17th. Finally, ValuEngine raised FB Financial from a “sell” rating to a “hold” rating in a research report on Monday, November 26th.

A number of hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its position in FB Financial by 25.3% during the 3rd quarter. Legal & General Group Plc now owns 2,747 shares of the financial services provider’s stock valued at $107,000 after buying an additional 555 shares in the last quarter. Rhumbline Advisers boosted its stake in FB Financial by 10.5% during the 3rd quarter. Rhumbline Advisers now owns 14,249 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 1,353 shares during the last quarter. Credit Suisse AG boosted its stake in FB Financial by 17.9% during the 3rd quarter. Credit Suisse AG now owns 11,013 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 1,670 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in FB Financial by 9.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 26,554 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 2,283 shares during the last quarter. Finally, American International Group Inc. boosted its stake in FB Financial by 26.9% during the 3rd quarter. American International Group Inc. now owns 10,854 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 2,300 shares during the last quarter. 53.36% of the stock is owned by institutional investors.

FBK traded up $0.28 during midday trading on Friday, reaching $36.28. 954 shares of the company’s stock traded hands, compared to its average volume of 60,230. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.05 and a beta of 1.26. FB Financial has a 52 week low of $32.66 and a 52 week high of $45.43.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The business had revenue of $87.11 million for the quarter, compared to the consensus estimate of $84.58 million. FB Financial had a net margin of 23.18% and a return on equity of 13.41%. On average, analysts anticipate that FB Financial will post 2.73 earnings per share for the current fiscal year.

About FB Financial

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.

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