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

Shares of FB Financial Co. (NYSE:FBK) have earned an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $47.80.

A number of research firms have issued reports on FBK. Keefe, Bruyette & Woods lifted their price objective on shares of FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, October 16th. Piper Sandler lowered shares of FB Financial from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Hovde Group lifted their target price on shares of FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Stephens reaffirmed an “overweight” rating and issued a $45.00 target price on shares of FB Financial in a report on Tuesday, July 16th. Finally, StockNews.com cut FB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th.

FB Financial Price Performance

FBK opened at $56.38 on Thursday. The firm has a market capitalization of $2.65 billion, a PE ratio of 24.62 and a beta of 1.12. FB Financial has a fifty-two week low of $30.01 and a fifty-two week high of $56.70. The company’s 50-day moving average is $47.55 and its 200 day moving average is $42.89.

FB Financial (NYSE:FBK) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. The company had revenue of $169.13 million for the quarter, compared to analyst estimates of $127.44 million. During the same quarter last year, the company earned $0.71 earnings per share. As a group, analysts expect that FB Financial will post 3.34 EPS for the current year.

FB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Tuesday, November 5th. FB Financial’s dividend payout ratio is currently 29.69%.

Insider Buying and Selling at FB Financial

In other news, major shareholder James W. Ayers acquired 1,500 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was bought at an average price of $49.58 per share, with a total value of $74,370.00. Following the acquisition, the insider now owns 10,892,341 shares in the company, valued at $540,042,266.78. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other FB Financial news, major shareholder James W. Ayers bought 1,500 shares of the stock in a transaction on Friday, October 18th. The shares were acquired at an average price of $49.58 per share, with a total value of $74,370.00. Following the acquisition, the insider now directly owns 10,892,341 shares of the company’s stock, valued at $540,042,266.78. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of $48.43 per share, with a total value of $96,860.00. Following the completion of the acquisition, the insider now directly owns 10,898,341 shares of the company’s stock, valued at approximately $527,806,654.63. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 10,000 shares of company stock worth $489,910 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FB Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in FB Financial by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,718 shares of the financial services provider’s stock valued at $6,510,000 after purchasing an additional 6,968 shares during the period. Entropy Technologies LP purchased a new stake in shares of FB Financial in the 3rd quarter valued at about $202,000. Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of FB Financial in the 3rd quarter valued at about $1,935,000. Allspring Global Investments Holdings LLC boosted its position in shares of FB Financial by 7.4% during 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 acquiring an additional 15,739 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of FB Financial by 5.0% during the third quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock worth $6,080,000 after purchasing an additional 6,183 shares in the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.

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.