FB Financial Co. (NYSE:FBK) Receives Consensus Recommendation of “Hold” from Analysts

FB Financial Co. (NYSE:FBK) has received an average recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $52.60.

Several equities analysts have commented on the company. Piper Sandler raised FB Financial from a “neutral” rating to an “overweight” rating and set a $58.00 price target for the company in a report on Tuesday. Hovde Group cut FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a report on Monday, November 18th. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their target price on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average price of $51.40 per share, with a total value of $102,800.00. Following the completion of the transaction, the insider now owns 10,913,841 shares in the company, valued at $560,971,427.40. The trade was a 0.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought 16,000 shares of company stock valued at $813,900 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of FB Financial by 24.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,476 shares of the financial services provider’s stock worth $2,961,000 after buying an additional 11,251 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in FB Financial during the fourth quarter valued at $1,280,000. Point72 Asset Management L.P. boosted its position in shares of FB Financial by 320.0% during the 4th quarter. Point72 Asset Management L.P. now owns 4,200 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 3,200 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of FB Financial by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 10,696 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 3,294 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of FB Financial by 29.0% during the 4th quarter. Nuveen Asset Management LLC now owns 259,809 shares of the financial services provider’s stock worth $13,383,000 after purchasing an additional 58,402 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

FB Financial Stock Up 1.2 %

Shares of FB Financial stock opened at $45.18 on Wednesday. The stock’s fifty day moving average is $51.07 and its 200-day moving average is $50.81. The firm has a market capitalization of $2.11 billion, a PE ratio of 18.29 and a beta of 1.16. FB Financial has a 12-month low of $33.35 and a 12-month high of $58.88.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. Analysts expect that FB Financial will post 3.64 EPS for the current year.

FB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.68%. FB Financial’s payout ratio is currently 30.77%.

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.