FB Financial Co. (NYSE:FBK) Receives $39.86 Consensus PT from Analysts

FB Financial Co. (NYSE:FBK) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $40.14.

A number of research analysts recently issued reports on FBK shares. Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $40.50 in a research report on Tuesday, April 16th. Stephens raised FB Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $39.00 to $45.00 in a report on Thursday, May 23rd. JPMorgan Chase & Co. reduced their target price on shares of FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a report on Thursday, June 27th. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Piper Sandler raised shares of FB Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $41.00 in a research note on Tuesday, April 16th.

FB Financial Trading Up 4.7 %

Shares of NYSE:FBK opened at $41.64 on Friday. The firm has a market cap of $1.96 billion, a PE ratio of 17.50 and a beta of 1.14. The company has a fifty day simple moving average of $37.66 and a 200 day simple moving average of $37.21. FB Financial has a 12-month low of $27.42 and a 12-month high of $41.89.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.15. The business had revenue of $107.45 million during the quarter, compared to the consensus estimate of $119.84 million. FB Financial had a return on equity of 10.20% and a net margin of 14.90%. As a group, equities research analysts forecast that FB Financial will post 3.13 EPS for the current fiscal year.

FB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.63%. FB Financial’s dividend payout ratio is 28.57%.

Institutional Trading of FB Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in shares of FB Financial in the fourth quarter valued at approximately $43,000. PNC Financial Services Group Inc. increased its stake in shares of FB Financial by 17.6% in the third quarter. PNC Financial Services Group Inc. now owns 3,007 shares of the financial services provider’s stock valued at $85,000 after buying an additional 449 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of 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 acquiring an additional 1,679 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of FB Financial during the first quarter valued at approximately $165,000. Finally, Hsbc Holdings PLC bought a new stake in shares of FB Financial during the third quarter worth $206,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

About FB Financial

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.