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

FB Financial Co. (NYSE:FBK) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $50.20.

Several research firms have weighed in on FBK. StockNews.com downgraded FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Hovde Group downgraded shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods upped their target price on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

FB Financial Stock Up 0.4 %

Shares of NYSE FBK opened at $52.55 on Friday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 22.95 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 $53.54 and a 200 day moving average price of $47.18.

FB Financial (NYSE:FBK) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $169.13 million for the quarter, compared to the consensus estimate 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 business earned $0.71 earnings per share. Equities research analysts expect that FB Financial will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s payout ratio is 29.69%.

Insider Activity

In other FB Financial news, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were purchased at an average price of $48.17 per share, for a total transaction of $96,340.00. Following the purchase, the insider now directly owns 10,894,341 shares of the company’s stock, valued at approximately $524,780,405.97. This trade represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 15,000 shares of company stock valued at $762,180 in the last 90 days. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FB Financial

A number of large investors have recently added to or reduced their stakes in FBK. Dimensional Fund Advisors LP raised its position in shares of FB Financial by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock valued at $75,623,000 after purchasing an additional 106,553 shares in the last quarter. Wasatch Advisors LP raised its holdings in FB Financial by 4.7% in 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 acquiring an additional 55,071 shares in the last quarter. Geode Capital Management LLC boosted its stake in FB Financial by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock valued at $38,272,000 after acquiring an additional 7,021 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in FB Financial by 4.1% during 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 acquiring an additional 14,797 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of 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 worth $10,786,000 after purchasing an additional 15,739 shares during the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

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.