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

Shares of FB Financial Co. (NYSE:FBKGet Free Report) have been assigned an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $36.58.

A number of analysts recently weighed in on FBK shares. Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $41.50 to $40.00 in a research note on Wednesday, January 17th. StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Stephens reduced their price target on shares of FB Financial from $45.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 17th.

Check Out Our Latest Report on FB Financial

Insider Transactions at FB Financial

In related news, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction dated Wednesday, January 17th. The shares were bought at an average cost of $35.29 per share, for a total transaction of $70,580.00. Following the completion of the transaction, the insider now owns 10,877,841 shares of the company’s stock, valued at $383,879,008.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction dated Wednesday, January 17th. The shares were bought at an average cost of $35.29 per share, for a total transaction of $70,580.00. Following the completion of the transaction, the insider now owns 10,877,841 shares of the company’s stock, valued at $383,879,008.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder James W. Ayers bought 3,000 shares of FB Financial stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of $35.91 per share, for a total transaction of $107,730.00. Following the completion of the transaction, the insider now directly owns 10,884,841 shares of the company’s stock, valued at approximately $390,874,640.31. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 9,000 shares of company stock worth $327,410. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On FB Financial

Several large investors have recently bought and sold shares of FBK. JPMorgan Chase & Co. lifted its holdings in FB Financial by 9.6% in the first quarter. JPMorgan Chase & Co. now owns 94,767 shares of the financial services provider’s stock valued at $4,210,000 after buying an additional 8,263 shares during the period. American Century Companies Inc. lifted its holdings in FB Financial by 20.4% in the first quarter. American Century Companies Inc. now owns 42,955 shares of the financial services provider’s stock valued at $1,908,000 after buying an additional 7,283 shares during the period. Citigroup Inc. lifted its holdings in FB Financial by 16.3% in the first quarter. Citigroup Inc. now owns 31,613 shares of the financial services provider’s stock valued at $1,404,000 after buying an additional 4,442 shares during the period. MetLife Investment Management LLC lifted its holdings in FB Financial by 57.4% in the first quarter. MetLife Investment Management LLC now owns 17,187 shares of the financial services provider’s stock valued at $763,000 after buying an additional 6,267 shares during the period. Finally, Rhumbline Advisers lifted its holdings in FB Financial by 2.9% in the first quarter. Rhumbline Advisers now owns 92,950 shares of the financial services provider’s stock valued at $4,129,000 after buying an additional 2,589 shares during the period. 63.91% of the stock is currently owned by institutional investors and hedge funds.

FB Financial Stock Down 1.8 %

NYSE FBK opened at $35.01 on Friday. The stock has a market cap of $1.64 billion, a P/E ratio of 13.62 and a beta of 1.17. The company’s 50-day simple moving average is $37.56 and its 200 day simple moving average is $33.69. FB Financial has a twelve month low of $24.34 and a twelve month high of $41.00.

FB Financial (NYSE:FBKGet Free Report) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The business had revenue of $116.43 million for the quarter, compared to analysts’ expectations of $121.58 million. FB Financial had a net margin of 16.05% and a return on equity of 10.10%. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Research analysts anticipate that FB Financial will post 2.84 earnings per share for the current year.

FB Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from FB Financial’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 12th. FB Financial’s dividend payout ratio is presently 26.46%.

About FB Financial

(Get Free Report

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.

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Analyst Recommendations for FB Financial (NYSE:FBK)

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