FB Financial Co. (NYSE:FBK) Receives $42.33 Average Target Price from Analysts

FB Financial Co. (NYSE:FBK) has been given an average rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $42.33.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in FB Financial by 85.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,638 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 1,679 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of FB Financial during the 1st quarter valued at approximately $165,000. Renaissance Technologies LLC bought a new position in FB Financial during the second quarter valued at $217,000. ProShare Advisors LLC raised its stake in shares of 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 acquiring an additional 494 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of FB Financial by 17.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 1,067 shares during the period. 65.40% of the stock is currently owned by institutional investors.

FB Financial Trading Down 2.9 %

Shares of NYSE:FBK opened at $47.82 on Wednesday. The stock has a fifty day simple moving average of $45.78 and a two-hundred day simple moving average of $40.11. FB Financial has a 12-month low of $27.42 and a 12-month high of $49.97. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 20.09 and a beta of 1.13.

FB Financial (NYSE:FBK) last announced its quarterly earnings results on Monday, July 15th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. The firm had revenue of $128.22 million for the quarter, compared to the consensus estimate of $123.52 million. As a group, equities research analysts predict that FB Financial will post 3.25 EPS for the current year.

FB Financial Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.68 annualized dividend and a yield of 1.42%. FB Financial’s payout ratio is 28.57%.

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.