Analysts Set FB Financial Co. (NYSE:FBK) Target Price at $48.60

Shares of FB Financial Co. (NYSE:FBK) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $50.20.

Several brokerages have issued reports on FBK. Keefe, Bruyette & Woods raised their price target on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday. Hovde Group cut 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 report on Monday, November 18th. Finally, StockNews.com cut shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th.

Insiders Place Their Bets

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were purchased at an average cost of $48.13 per share, with a total value of $96,260.00. Following the completion of the purchase, the insider now owns 10,902,341 shares of the company’s stock, valued at $524,729,672.33. The trade was a 0.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James W. Iv Cross sold 5,000 shares of FB Financial 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 sale, the director now owns 54,078 shares in the company, valued at $3,148,421.16. This represents a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 13,000 shares of company stock worth $658,460 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FB Financial

A number of large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new stake in shares of FB Financial during the third quarter valued at approximately $47,000. nVerses Capital LLC purchased a new position in shares of FB Financial during the third quarter worth approximately $84,000. Point72 DIFC Ltd bought a new position in shares of FB Financial during the third quarter valued at approximately $110,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in FB Financial during the third quarter valued at about $124,000. Finally, Raymond James Trust N.A. purchased a new position in shares of FB Financial in the 3rd quarter valued at approximately $201,000. Institutional investors own 65.40% of the company’s stock.

FB Financial Stock Up 0.6 %

FB Financial stock opened at $56.68 on Monday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 24.75 and a beta of 1.15. The stock has a 50-day simple moving average of $51.24 and a 200 day simple moving average of $45.38. 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 earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $169.13 million during the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.71 EPS. As a group, sell-side analysts anticipate that FB Financial will post 3.38 EPS for the current year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s payout ratio is 29.69%.

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.