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

Shares of FB Financial Co. (NYSE:FBK) have earned an average rating of “Hold” from the seven analysts that are presently covering the company, 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $40.14.

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

FB Financial Stock Up 4.7 %

Shares of NYSE:FBK opened at $41.64 on Friday. FB Financial has a twelve month low of $27.42 and a twelve month high of $41.89. The firm has a market capitalization of $1.96 billion, a PE ratio of 17.50 and a beta of 1.14. The company has a 50-day moving average price of $37.66 and a two-hundred day moving average price of $37.21.

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

FB Financial Dividend Announcement

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

Institutional Investors Weigh In On FB Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its holdings in FB Financial by 975.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 11,243 shares of the financial services provider’s stock worth $319,000 after buying an additional 10,198 shares during the period. Wasatch Advisors LP lifted its position in FB Financial by 13.1% in the first quarter. Wasatch Advisors LP now owns 1,199,457 shares of the financial services provider’s stock worth $45,172,000 after buying an additional 139,395 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FB Financial by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,759,024 shares of the financial services provider’s stock worth $70,099,000 after purchasing an additional 40,394 shares during the period. Wakefield Asset Management LLLP boosted its position in shares of FB Financial by 10.7% during the fourth quarter. Wakefield Asset Management LLLP now owns 25,281 shares of the financial services provider’s stock valued at $1,007,000 after buying an additional 2,447 shares during the period. Finally, Mariner LLC boosted its stake in shares of FB Financial by 1.6% during the third quarter. Mariner LLC now owns 20,087 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 323 shares during the period. 65.40% of the stock is currently owned by hedge funds and other 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.