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

Shares of FB Financial Co. (NYSE:FBKGet Free Report) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $36.58.

A number of equities analysts have recently commented on the company. StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Monday. Janney Montgomery Scott upgraded FB Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $34.00 to $35.50 in a report on Wednesday, October 18th. Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $41.50 to $40.00 in a report on Wednesday, January 17th. Finally, Stephens dropped their target price on FB Financial from $45.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 17th.

View Our Latest Stock Analysis on FB Financial

FB Financial Trading Up 2.2 %

NYSE FBK opened at $37.13 on Tuesday. The business’s 50-day moving average price is $38.17 and its 200 day moving average price is $33.55. FB Financial has a twelve month low of $24.34 and a twelve month high of $41.00. The company has a market capitalization of $1.74 billion, a PE ratio of 14.45 and a beta of 1.17.

FB Financial (NYSE:FBKGet Free Report) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. The company had revenue of $116.43 million for the quarter, compared to the consensus estimate of $121.58 million. FB Financial had a return on equity of 10.10% and a net margin of 16.05%. During the same period last year, the business posted $0.85 EPS. Equities analysts predict that FB Financial will post 2.84 EPS for the current year.

FB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Monday, February 12th. This is a positive change from FB Financial’s previous quarterly dividend of $0.15. FB Financial’s dividend payout ratio (DPR) is 23.35%.

Insider Transactions at FB Financial

In other news, major shareholder James W. Ayers bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was bought at an average price of $35.29 per share, for a total transaction of $70,580.00. Following the transaction, the insider now owns 10,877,841 shares in the company, valued at $383,879,008.89. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC lifted its holdings in shares of FB Financial by 0.7% in the 2nd quarter. Citadel Advisors LLC now owns 35,129 shares of the financial services provider’s stock worth $1,378,000 after purchasing an additional 249 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of FB Financial by 1.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 25,229 shares of the financial services provider’s stock worth $1,005,000 after purchasing an additional 278 shares during the last quarter. American International Group Inc. lifted its holdings in shares of FB Financial by 1.6% in the 2nd quarter. American International Group Inc. now owns 19,580 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 314 shares during the last quarter. Mariner LLC lifted its holdings in shares of FB Financial by 1.6% in the 3rd quarter. Mariner LLC now owns 20,087 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 323 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of FB Financial by 15.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,969 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 392 shares during the last quarter. Institutional investors and hedge funds own 63.91% of the company’s stock.

FB Financial Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for FB Financial (NYSE:FBK)

Receive News & Ratings for FB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FB Financial and related companies with MarketBeat.com's FREE daily email newsletter.