FB Financial Co. (NYSE:FBK) Receives $50.20 Average Target Price from Analysts

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

FBK has been the subject of several research analyst reports. StockNews.com cut FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods increased their price objective on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research report on Monday, November 18th.

Insider Activity

In related news, Director James W. Iv Cross sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $58.22, for a total transaction of $291,100.00. Following the completion of the transaction, the director now owns 54,078 shares in the company, valued at $3,148,421.16. This trade represents a 8.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction on Monday, October 21st. The stock was bought at an average price of $48.17 per share, for a total transaction of $96,340.00. Following the completion of the transaction, the insider now directly owns 10,894,341 shares of the company’s stock, valued at approximately $524,780,405.97. This trade represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 15,000 shares of company stock worth $762,180. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FB Financial

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of FB Financial by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock worth $75,623,000 after purchasing an additional 106,553 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in FB Financial by 7.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock worth $10,786,000 after acquiring an additional 15,739 shares during the last quarter. Geode Capital Management LLC increased its position in FB Financial by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock valued at $38,272,000 after acquiring an additional 7,021 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FB Financial by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock worth $17,521,000 after acquiring an additional 14,797 shares during the last quarter. Finally, Salzhauer Michael acquired a new position in shares of FB Financial during the second quarter worth approximately $2,596,000. 65.40% of the stock is owned by institutional investors.

FB Financial Stock Down 0.2 %

Shares of FBK stock opened at $51.51 on Friday. FB Financial has a 12 month low of $33.35 and a 12 month high of $58.88. The company has a market cap of $2.40 billion, a PE ratio of 22.49 and a beta of 1.15. The business’s 50 day moving average is $53.78 and its two-hundred day moving average is $47.71.

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, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $169.13 million for the quarter, compared to analyst estimates of $127.44 million. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. During the same period last year, the business posted $0.71 EPS. As a group, equities analysts expect that FB Financial will post 3.38 EPS for the current fiscal year.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. FB Financial’s dividend payout ratio is currently 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.