FB Financial Co. (NYSE:FBK) Given Average Recommendation of “Hold” by Brokerages

FB Financial Co. (NYSE:FBK) has received a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $48.60.

FBK has been the topic of several analyst reports. Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research note on Monday, November 18th. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods upped their price target on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 16th.

FB Financial Trading Up 0.2 %

FBK opened at $56.45 on Monday. The stock has a fifty day moving average price of $50.65 and a 200 day moving average price of $45.06. FB Financial has a 1 year low of $32.82 and a 1 year high of $58.88. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 24.65 and a beta of 1.12.

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

FB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given 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 1.20%. FB Financial’s dividend payout ratio is presently 29.69%.

Insiders Place Their Bets

In other news, Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the transaction, the director now owns 54,078 shares in the company, valued at approximately $3,148,421.16. The trade was a 8.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder James W. Ayers acquired 1,500 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were bought at an average cost of $49.58 per share, with a total value of $74,370.00. Following the transaction, the insider now directly owns 10,892,341 shares of the company’s stock, valued at $540,042,266.78. The trade was a 0.01 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,000 shares of company stock valued at $658,460 in the last three months. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On FB Financial

Several large investors have recently added to or reduced their stakes in FBK. Point72 Asset Management L.P. bought a new stake in shares of FB Financial during the third quarter valued at approximately $47,000. nVerses Capital LLC bought a new stake in FB Financial in the 3rd quarter valued at $84,000. Point72 DIFC Ltd acquired a new position in shares of FB Financial in the 3rd quarter valued at $110,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of FB Financial during the 3rd quarter worth about $124,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of FB Financial during the 3rd quarter valued at about $201,000. 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.