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

Shares of FB Financial Co. (NYSE:FBK) have been given an average recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $42.33.

FBK has been the subject of a number of analyst reports. Piper Sandler downgraded shares of FB Financial from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $41.00 to $46.00 in a research report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their price objective on shares of FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research report on Thursday, June 27th. Stephens reiterated an “overweight” rating and set a $45.00 target price on shares of FB Financial in a research report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods raised their price target on FB Financial from $40.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in FB Financial by 85.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,638 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,679 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of FB Financial during the 1st quarter worth approximately $165,000. Renaissance Technologies LLC acquired a new position in shares of FB Financial during the 2nd quarter worth approximately $217,000. ProShare Advisors LLC grew its holdings in FB Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock valued at $269,000 after buying an additional 494 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in FB Financial by 17.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock worth $277,000 after buying an additional 1,067 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

FB Financial Stock Performance

Shares of FBK opened at $46.94 on Wednesday. FB Financial has a fifty-two week low of $27.42 and a fifty-two week high of $49.97. The firm has a 50-day simple moving average of $45.88 and a 200-day simple moving average of $40.31. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 19.72 and a beta of 1.13.

FB Financial (NYSE:FBK) last announced its earnings results on Monday, July 15th. The financial services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. The company had revenue of $128.22 million for the quarter, compared to the consensus estimate of $123.52 million. Equities research analysts forecast that FB Financial will post 3.25 EPS for the current year.

FB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, August 6th. FB Financial’s dividend payout ratio (DPR) is 28.57%.

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.