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

FB Financial Co. (NYSE:FBK) has received a consensus rating of “Hold” from the five analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $47.80.

Several research firms recently commented on FBK. StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, October 16th. Piper Sandler cut FB Financial from an “overweight” rating to a “neutral” rating and increased their target price for the company from $41.00 to $46.00 in a report on Wednesday, July 17th. Hovde Group lifted their price target on FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Stephens reiterated an “overweight” rating and issued a $45.00 price objective on shares of FB Financial in a research report on Tuesday, July 16th.

Insider Transactions at FB Financial

In other FB Financial news, major shareholder James W. Ayers bought 500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average price of $51.00 per share, for a total transaction of $25,500.00. Following the completion of the acquisition, the insider now directly owns 10,906,841 shares in the company, valued at $556,248,891. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder James W. Ayers bought 500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average price of $51.00 per share, with a total value of $25,500.00. Following the purchase, the insider now owns 10,906,841 shares of the company’s stock, valued at approximately $556,248,891. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder James W. Ayers purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was bought at an average cost of $48.17 per share, with a total value of $96,340.00. Following the completion of the purchase, the insider now owns 10,894,341 shares of the company’s stock, valued at $524,780,405.97. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 10,000 shares of company stock worth $489,910. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in FB Financial by 73.6% in the first quarter. BNP Paribas Financial Markets now owns 18,029 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 7,643 shares during the period. Texas Permanent School Fund Corp boosted its stake in FB Financial by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 30,747 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 398 shares in the last quarter. Empowered Funds LLC grew its holdings in FB Financial by 8.2% in the first quarter. Empowered Funds LLC now owns 122,390 shares of the financial services provider’s stock worth $4,609,000 after purchasing an additional 9,242 shares during the period. SG Americas Securities LLC bought a new position in shares of FB Financial during the first quarter valued at approximately $165,000. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of FB Financial by 2.4% during the first quarter. Illinois Municipal Retirement Fund now owns 19,904 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

FB Financial Stock Up 15.6 %

FBK opened at $56.38 on Thursday. The business’s fifty day simple moving average is $47.55 and its 200 day simple moving average is $42.89. FB Financial has a 52 week low of $30.01 and a 52 week high of $56.70. The stock has a market cap of $2.65 billion, a PE ratio of 24.62 and a beta of 1.12.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $169.13 million for the quarter, compared to analysts’ expectations of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same period last year, the firm posted $0.71 EPS. As a group, equities analysts anticipate that FB Financial will post 3.34 earnings per share for the current year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, November 5th. FB Financial’s payout ratio is 29.69%.

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.