FB Financial (NYSE:FBK) Raised to Overweight at Stephens

Stephens upgraded shares of FB Financial (NYSE:FBK) from an equal weight rating to an overweight rating in a report published on Thursday morning, MarketBeat reports. Stephens currently has $45.00 target price on the financial services provider’s stock, up from their prior target price of $39.00.

A number of other equities research analysts have also recently commented on the stock. StockNews.com upgraded shares of FB Financial from a sell rating to a hold rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods restated a market perform rating and issued a $38.00 target price on shares of FB Financial in a research note on Wednesday, April 17th. Hovde Group raised FB Financial from a market perform rating to an outperform rating and upped their price target for the stock from $40.00 to $40.50 in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on FB Financial from $41.00 to $43.00 and gave the company an underweight rating in a research note on Wednesday, April 17th. Finally, Piper Sandler raised FB Financial from a neutral rating to an overweight rating and upped their target price for the stock from $38.00 to $41.00 in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, FB Financial has a consensus rating of Hold and a consensus target price of $40.00.

FB Financial Price Performance

Shares of FB Financial stock opened at $37.34 on Thursday. The stock’s 50-day moving average is $37.15 and its 200 day moving average is $36.80. FB Financial has a one year low of $26.43 and a one year high of $41.00. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 15.69 and a beta of 1.12.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.15. The firm had revenue of $107.45 million for the quarter, compared to analysts’ expectations of $119.84 million. FB Financial had a return on equity of 10.20% and a net margin of 14.90%. On average, sell-side analysts expect that FB Financial will post 3.11 EPS for the current fiscal year.

FB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, May 13th. This represents a $0.68 annualized dividend and a yield of 1.82%. FB Financial’s dividend payout ratio (DPR) is currently 28.57%.

Hedge Funds Weigh In On FB Financial

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in shares of FB Financial in the 4th quarter worth $43,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in FB Financial during the third quarter worth about $71,000. PNC Financial Services Group Inc. lifted its holdings in FB Financial by 17.6% during the third quarter. PNC Financial Services Group Inc. now owns 3,007 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 449 shares during the period. Quadrant Capital Group LLC boosted its position in FB Financial by 85.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,638 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,679 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in FB Financial in the 1st quarter valued at $165,000. 65.40% of the stock is currently owned by institutional investors.

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.