FB Financial Co. (NYSE:FBK) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of FB Financial Co. (NYSE:FBK) have earned an average recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $55.40.

Several equities analysts have commented on the stock. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $60.00 to $59.00 in a research report on Tuesday, April 1st. Stephens dropped their price target on FB Financial from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Piper Sandler upped their price objective on FB Financial from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. Finally, StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd.

Insider Transactions at FB Financial

In other FB Financial news, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction on Monday, February 3rd. The shares were acquired at an average price of $52.07 per share, for a total transaction of $104,140.00. Following the completion of the purchase, the insider now directly owns 10,921,841 shares in the company, valued at approximately $568,700,260.87. This trade represents a 0.02 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have acquired 8,000 shares of company stock worth $409,940. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted 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 buying an additional 7,021 shares during the period. Northern Trust Corp boosted its holdings in shares of FB Financial by 15.3% in the fourth quarter. Northern Trust Corp now owns 424,882 shares of the financial services provider’s stock valued at $21,886,000 after purchasing an additional 56,474 shares during the period. Bridgeway Capital Management LLC grew its stake in FB Financial by 1.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 394,155 shares of the financial services provider’s stock worth $20,303,000 after purchasing an additional 7,037 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FB Financial by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 376,288 shares of the financial services provider’s stock worth $19,383,000 after purchasing an additional 2,943 shares during the period. Finally, Federated Hermes Inc. raised its position in FB Financial by 3.0% during the 4th quarter. Federated Hermes Inc. now owns 339,938 shares of the financial services provider’s stock valued at $17,510,000 after purchasing an additional 9,995 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors.

FB Financial Trading Down 0.6 %

Shares of FBK stock opened at $40.56 on Friday. The stock’s 50-day moving average price is $47.59 and its 200-day moving average price is $50.40. FB Financial has a 12-month low of $33.35 and a 12-month high of $58.88. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.42 and a beta of 0.92.

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%. As a group, research analysts predict that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, February 11th. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s payout ratio is 30.77%.

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.