FB Financial Co. (NYSE:FBK) Receives $50.20 Average PT from Brokerages

FB Financial Co. (NYSE:FBK) has been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $50.20.

FBK has been the topic of several research analyst reports. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods increased their price target on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a research note on Monday, November 18th.

FB Financial Stock Performance

FB Financial stock opened at $50.54 on Friday. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 22.07 and a beta of 1.15. FB Financial has a 52-week low of $33.35 and a 52-week high of $58.88. The firm has a 50 day moving average price of $53.88 and a two-hundred day moving average price of $47.76.

FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. During the same quarter last year, the firm earned $0.71 earnings per share. As a group, equities research analysts predict that FB Financial will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. FB Financial’s dividend payout ratio is 29.69%.

Insider Transactions at FB Financial

In other FB Financial news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of $48.13 per share, for a total transaction of $96,260.00. Following the acquisition, the insider now directly owns 10,902,341 shares of the company’s stock, valued at approximately $524,729,672.33. The trade was a 0.02 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James W. Iv Cross sold 5,000 shares of FB Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the transaction, the director now owns 54,078 shares of the company’s stock, valued at $3,148,421.16. This trade represents a 8.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought 15,000 shares of company stock valued at $762,180 over the last ninety days. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On FB Financial

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in FB Financial by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock worth $75,623,000 after acquiring an additional 106,553 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of FB Financial by 4.7% during the third quarter. Wasatch Advisors LP now owns 1,225,838 shares of the financial services provider’s stock valued at $57,529,000 after purchasing an additional 55,071 shares in the last quarter. Geode Capital Management LLC boosted its holdings in FB Financial by 0.9% during the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock worth $38,272,000 after purchasing an additional 7,021 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in FB Financial by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock worth $17,521,000 after purchasing an additional 14,797 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in FB Financial by 7.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock valued at $10,786,000 after buying an additional 15,739 shares during the last quarter. 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.