FB Financial (NYSE:FBK) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

FB Financial (NYSE:FBK)‘s stock had its “market perform” rating restated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday, Benzinga reports. They presently have a $38.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 6.86% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Stephens dropped their price target on shares of FB Financial from $45.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 17th. Piper Sandler upgraded shares of FB Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $41.00 in a research report on Tuesday. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $40.50 in a research report on Tuesday. Finally, StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, FB Financial presently has an average rating of “Hold” and a consensus target price of $39.43.

FB Financial Stock Down 0.2 %

Shares of NYSE:FBK opened at $35.56 on Wednesday. FB Financial has a 12-month low of $24.34 and a 12-month high of $41.00. The stock has a market cap of $1.67 billion, a PE ratio of 14.94 and a beta of 1.15. The business has a 50 day moving average of $35.96 and a 200-day moving average of $35.12.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. FB Financial had a return on equity of 10.20% and a net margin of 14.90%. The company had revenue of $116.43 million during the quarter, compared to analysts’ expectations of $121.58 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. Equities research analysts expect that FB Financial will post 2.84 earnings per share for the current year.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers purchased 3,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $35.91 per share, for a total transaction of $107,730.00. Following the completion of the acquisition, the insider now owns 10,884,841 shares of the company’s stock, valued at $390,874,640.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of $36.35 per share, for a total transaction of $72,700.00. Following the completion of the acquisition, the insider now owns 10,886,841 shares of the company’s stock, valued at $395,736,670.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder James W. Ayers acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $35.91 per share, with a total value of $107,730.00. Following the completion of the acquisition, the insider now directly owns 10,884,841 shares of the company’s stock, valued at $390,874,640.31. The disclosure for this purchase can be found here. Insiders bought a total of 7,000 shares of company stock worth $256,830 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of FB Financial by 570.5% during the first quarter. Tower Research Capital LLC TRC now owns 979 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 833 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of FB Financial during the third quarter worth about $31,000. GAMMA Investing LLC bought a new position in shares of FB Financial during the fourth quarter worth about $43,000. Point72 Middle East FZE raised its position in shares of FB Financial by 111.6% during the second quarter. Point72 Middle East FZE now owns 1,661 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 876 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of FB Financial during the third quarter worth about $71,000. 65.40% of the stock is owned by institutional investors.

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.