Keefe, Bruyette & Woods Increases FB Financial (NYSE:FBK) Price Target to $40.00

FB Financial (NYSE:FBK) had its price target boosted by equities research analysts at Keefe, Bruyette & Woods from $38.00 to $40.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 0.63% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on FBK. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lowered their target price on FB Financial from $43.00 to $42.00 and set an “underweight” rating on the stock in a report on Thursday, June 27th. Hovde Group raised FB Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the stock 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 increased their price objective for the company from $39.00 to $45.00 in a research report on Thursday, May 23rd. Finally, Piper Sandler raised shares of FB Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $41.00 in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.14.

FB Financial Price Performance

NYSE FBK opened at $39.75 on Tuesday. The firm has a market cap of $1.87 billion, a P/E ratio of 16.70 and a beta of 1.14. The stock’s 50-day moving average is $37.59 and its two-hundred day moving average is $37.18. FB Financial has a fifty-two week low of $27.42 and a fifty-two week high of $41.00.

FB Financial (NYSE:FBK) last announced its 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. FB Financial had a return on equity of 10.20% and a net margin of 14.90%. The firm had revenue of $107.45 million during the quarter, compared to analysts’ expectations of $119.84 million. On average, equities analysts expect that FB Financial will post 3.13 EPS for the current year.

Institutional Investors Weigh In On FB Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of FB Financial during the 4th quarter valued at about $43,000. Quadrant Capital Group LLC boosted its holdings in FB Financial by 85.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,638 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,679 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of FB Financial in the 1st quarter valued at approximately $165,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of FB Financial in the 3rd quarter worth approximately $208,000. Finally, Foundry Partners LLC bought a new position in shares of FB Financial during the 4th quarter worth approximately $217,000. Institutional investors own 65.40% of the company’s stock.

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.