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

Shares of FB Financial Co. (NYSE:FBK) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $44.70.

FBK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on FB Financial from $43.00 to $42.00 and set an “underweight” rating on the stock in a research report on Thursday, June 27th. Piper Sandler cut FB Financial from an “overweight” rating to a “neutral” rating and increased their price target for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods boosted their price target on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Stephens restated an “overweight” rating and set a $45.00 price objective on shares of FB Financial in a report on Tuesday, July 16th.

FB Financial Price Performance

Shares of FBK stock opened at $49.18 on Friday. The stock’s 50-day moving average is $46.43 and its 200 day moving average is $41.63. FB Financial has a 1-year low of $27.75 and a 1-year high of $51.40. The company has a market cap of $2.31 billion, a P/E ratio of 20.66 and a beta of 1.13.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $169.13 million for the quarter, compared to the consensus estimate of $127.44 million. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, analysts anticipate that FB Financial will post 3.25 EPS for the current year.

FB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.68 annualized dividend and a yield of 1.38%. FB Financial’s payout ratio is presently 28.57%.

Institutional Investors Weigh In On FB Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position 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 buying an additional 15,739 shares during the last quarter. Raymond James & Associates increased its stake in shares of FB Financial by 5.0% in the third quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock worth $6,080,000 after acquiring an additional 6,183 shares during the period. nVerses Capital LLC purchased a new position in shares of FB Financial during the third quarter worth $84,000. Creative Planning lifted its position in FB Financial by 4.6% during the third quarter. Creative Planning now owns 26,308 shares of the financial services provider’s stock valued at $1,235,000 after purchasing an additional 1,149 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in FB Financial in the third quarter valued at $667,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

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.