FB Financial Co. (NYSE:FBK) Receives $42.33 Average PT from Analysts

Shares of FB Financial Co. (NYSE:FBK) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.33.

A number of analysts have recently issued reports on FBK shares. Keefe, Bruyette & Woods raised their price objective on FB Financial from $40.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. 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 report on Tuesday, April 16th. JPMorgan Chase & Co. dropped their price target on 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 report on Tuesday, April 16th. Finally, Stephens reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of FB Financial in a report on Tuesday, July 16th.

FB Financial Stock Down 1.5 %

FBK opened at $44.21 on Tuesday. FB Financial has a 12-month low of $27.42 and a 12-month high of $48.30. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 18.58 and a beta of 1.14. The business has a 50 day moving average of $39.93 and a 200-day moving average of $37.92.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.54%. FB Financial’s payout ratio is 28.57%.

Hedge Funds Weigh In On FB Financial

Several hedge funds and other institutional investors have recently modified their holdings of FBK. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of FB Financial by 5.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,236 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 855 shares during the last quarter. Wakefield Asset Management LLLP grew its position in FB Financial by 10.7% during the 4th quarter. Wakefield Asset Management LLLP now owns 25,281 shares of the financial services provider’s stock worth $1,007,000 after acquiring an additional 2,447 shares during the last quarter. Equitable Trust Co. bought a new stake in FB Financial during the 4th quarter worth $269,000. Allspring Global Investments Holdings LLC grew its position in FB Financial by 15.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,318 shares of the financial services provider’s stock worth $8,381,000 after acquiring an additional 28,786 shares during the last quarter. Finally, Mutual of America Capital Management LLC bought a new stake in FB Financial during the 4th quarter worth $245,000. Institutional investors 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.