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

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

A number of equities research analysts have recently weighed in on the company. Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research note on Monday, November 18th. Keefe, Bruyette & Woods boosted their target price on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd.

Insider Buying and Selling

In related news, major shareholder James W. Ayers acquired 2,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $51.86 per share, with a total value of $103,720.00. Following the acquisition, the insider now directly owns 10,911,841 shares in the company, valued at $565,888,074.26. This represents a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have acquired 14,000 shares of company stock worth $716,880. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FBK. Creative Planning grew its stake in shares of FB Financial by 4.6% during the 3rd quarter. Creative Planning now owns 26,308 shares of the financial services provider’s stock worth $1,235,000 after purchasing an additional 1,149 shares during the period. nVerses Capital LLC purchased a new stake in FB Financial during the third quarter worth $84,000. Raymond James & Associates grew its position in FB Financial by 5.0% during the third quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock valued at $6,080,000 after buying an additional 6,183 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in FB Financial by 7.4% in 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 in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of FB Financial in the third quarter worth about $1,935,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

FB Financial Stock Down 0.4 %

NYSE FBK opened at $52.06 on Friday. The firm has a market cap of $2.43 billion, a PE ratio of 21.08 and a beta of 1.15. FB Financial has a 52 week low of $33.35 and a 52 week high of $58.88. The company has a 50 day moving average price of $52.58 and a 200 day moving average price of $50.12.

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

FB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be given a $0.19 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $0.76 dividend on an annualized basis and a 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 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.