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

FB Financial Co. (NYSE:FBK) has earned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $42.33.

Several research analysts have recently issued reports on FBK shares. JPMorgan Chase & Co. lowered their price objective on FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research report on Thursday, June 27th. Keefe, Bruyette & Woods raised their price objective on shares of FB Financial from $40.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Stephens restated an “overweight” rating and issued a $45.00 target price on shares of FB Financial in a report on Tuesday, July 16th. Finally, Piper Sandler lowered shares of FB Financial from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $41.00 to $46.00 in a research note on Wednesday, July 17th.

FB Financial Stock Up 4.0 %

Shares of NYSE:FBK opened at $47.53 on Friday. FB Financial has a fifty-two week low of $27.61 and a fifty-two week high of $49.97. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 19.97 and a beta of 1.13. The firm’s 50 day moving average price is $45.82 and its 200 day moving average price is $41.18.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $128.22 million during the quarter, compared to analysts’ expectations of $123.52 million. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. On average, equities analysts anticipate that FB Financial will post 3.25 EPS for the current year.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, August 6th. FB Financial’s dividend payout ratio is currently 28.57%.

Hedge Funds Weigh In On FB Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in FB Financial in the 1st quarter valued at $165,000. Renaissance Technologies LLC purchased a new position in FB Financial during the second quarter worth about $217,000. ProShare Advisors LLC lifted its position in FB Financial by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 494 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in FB Financial by 17.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in FB Financial by 16.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,146 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 1,424 shares during the period. Hedge funds and other institutional investors own 65.40% of the company’s stock.

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.