FB Financial Corporation (FBK) Earning Somewhat Positive News Coverage, Report Shows
Press coverage about FB Financial Corporation (NYSE:FBK) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FB Financial Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.6800359223577 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
FB Financial Corporation (NYSE FBK) opened at 33.00 on Friday. The company’s 50-day moving average price is $34.92 and its 200 day moving average price is $33.73. FB Financial Corporation has a 52-week low of $19.81 and a 52-week high of $38.59. The stock has a market capitalization of $955.94 million and a P/E ratio of 25.92.
FB Financial Corporation (NYSE:FBK) last announced its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. FB Financial Corporation had a return on equity of 13.09% and a net margin of 11.57%. The company had revenue of $66.08 million during the quarter, compared to analysts’ expectations of $65.99 million. On average, equities research analysts anticipate that FB Financial Corporation will post $1.90 earnings per share for the current year.
Several analysts have recently issued reports on FBK shares. Zacks Investment Research downgraded FB Financial Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Sandler O’Neill downgraded FB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Stephens restated a “buy” rating on shares of FB Financial Corporation in a research report on Monday, April 24th. Keefe, Bruyette & Woods downgraded FB Financial Corporation from an “outperform” rating to a “market perform” rating and set a $35.00 price objective on the stock. in a research report on Wednesday, April 26th. Finally, UBS AG restated a “buy” rating and issued a $41.00 price objective (down from $44.00) on shares of FB Financial Corporation in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.20.
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FB Financial Corporation Company Profile
FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.
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