Shares of FB Financial Corp (NYSE:FBK) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $42.00.

Several research firms recently issued reports on FBK. DA Davidson began coverage on shares of FB Financial in a research note on Wednesday, October 9th. They set a “neutral” rating and a $40.00 price target on the stock. Stephens reaffirmed a “buy” rating and set a $42.00 price target on shares of FB Financial in a research note on Wednesday, September 18th. Zacks Investment Research raised shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 14th. Finally, ValuEngine downgraded shares of FB Financial from a “hold” rating to a “sell” rating in a research note on Saturday.

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in shares of FB Financial by 8.5% during the third quarter. Envestnet Asset Management Inc. now owns 19,111 shares of the financial services provider’s stock valued at $718,000 after acquiring an additional 1,503 shares during the period. Phocas Financial Corp. acquired a new stake in shares of FB Financial during the second quarter valued at approximately $3,500,000. Nuveen Asset Management LLC acquired a new stake in shares of FB Financial during the second quarter valued at approximately $2,559,000. Price T Rowe Associates Inc. MD raised its holdings in shares of FB Financial by 1.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,716,111 shares of the financial services provider’s stock valued at $136,010,000 after acquiring an additional 36,438 shares during the period. Finally, Citadel Advisors LLC raised its holdings in shares of FB Financial by 93.1% during the second quarter. Citadel Advisors LLC now owns 12,526 shares of the financial services provider’s stock valued at $459,000 after acquiring an additional 6,038 shares during the period. 53.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FBK stock traded up $0.36 during mid-day trading on Friday, reaching $37.68. The company’s stock had a trading volume of 32,462 shares, compared to its average volume of 51,741. The company’s 50 day simple moving average is $37.10 and its 200-day simple moving average is $36.14. FB Financial has a 12-month low of $30.33 and a 12-month high of $39.58. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.15 billion, a PE ratio of 14.44 and a beta of 0.98.

FB Financial (NYSE:FBK) last issued its earnings results on Monday, July 22nd. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. FB Financial had a net margin of 19.82% and a return on equity of 11.94%. The business had revenue of $90.00 million for the quarter, compared to the consensus estimate of $87.41 million. As a group, research analysts anticipate that FB Financial will post 2.77 EPS for the current fiscal year.

About FB Financial

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services 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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