Brokerages Set FB Financial Co. (NYSE:FBK) PT at $55.40

Shares of FB Financial Co. (NYSE:FBK) have been given an average rating of “Hold” by the five ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $55.40.

Several research analysts have recently weighed in on the company. Stephens reduced their target price on FB Financial from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Piper Sandler upped their price objective on shares of FB Financial from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $60.00 to $59.00 in a research report on Tuesday, April 1st. Finally, StockNews.com raised 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 bought 2,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $48.51 per share, for a total transaction of $97,020.00. Following the acquisition, the insider now directly owns 10,931,841 shares in the company, valued at approximately $530,303,606.91. This trade represents a 0.02 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have acquired 8,000 shares of company stock worth $409,940. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On FB Financial

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in shares of FB Financial in the 3rd quarter worth $47,000. GAMMA Investing LLC grew its holdings in shares of FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 314 shares during the period. Sterling Capital Management LLC increased its position in FB Financial by 810.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 997 shares during the last quarter. KBC Group NV raised its stake in FB Financial by 36.2% during the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 555 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in FB Financial in the 3rd quarter valued at about $110,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

FB Financial Stock Down 5.4 %

FB Financial stock opened at $40.82 on Friday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 16.53 and a beta of 0.92. FB Financial has a 52 week low of $33.35 and a 52 week high of $58.88. The business’s 50-day moving average price is $47.84 and its 200 day moving average price is $50.44.

FB Financial (NYSE:FBK) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, beating 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%. Equities analysts expect that FB Financial will post 3.64 EPS for the current year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were paid a $0.19 dividend. This is an increase from FB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Tuesday, February 11th. FB Financial’s dividend payout ratio (DPR) is currently 30.77%.

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.