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

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

A number of research firms have commented on FBK. Keefe, Bruyette & Woods lifted 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. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Hovde Group downgraded 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 report on Monday, November 18th.

FB Financial Price Performance

Shares of FB Financial stock opened at $52.06 on Friday. FB Financial has a 1 year low of $33.35 and a 1 year high of $58.88. The firm’s 50-day moving average is $52.58 and its 200 day moving average is $50.12. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 21.08 and a beta of 1.15.

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

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, February 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.46%. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s dividend payout ratio is presently 30.77%.

Insider Transactions at FB Financial

In related news, major shareholder James W. Ayers acquired 2,000 shares of FB Financial stock in a transaction dated Monday, January 6th. The stock was purchased at an average cost of $51.40 per share, for a total transaction of $102,800.00. Following the purchase, the insider now directly owns 10,913,841 shares of the company’s stock, valued at approximately $560,971,427.40. This trade represents a 0.02 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders have acquired 14,000 shares of company stock worth $716,880 in the last quarter. Company insiders own 1.70% of the company’s stock.

Institutional Trading of FB Financial

Several hedge funds have recently bought and sold shares of the stock. Creative Planning lifted its position in FB Financial by 4.6% during the third quarter. Creative Planning now owns 26,308 shares of the financial services provider’s stock valued at $1,235,000 after purchasing an additional 1,149 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of FB Financial during the third quarter valued at approximately $84,000. Raymond James & Associates grew its stake in FB Financial by 5.0% in 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. Allspring Global Investments Holdings LLC increased its stake in shares of FB Financial by 7.4% during the third 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 period. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new position in FB Financial during the 3rd quarter valued at about $1,935,000. Institutional investors 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.