FB Financial Corporation (FBK) Given Buy Rating at UBS AG
UBS AG reaffirmed their buy rating on shares of FB Financial Corporation (NYSE:FBK) in a report released on Wednesday, www.flashratings.com reports. The firm currently has a $41.00 target price on the financial services provider’s stock, down from their previous target price of $44.00.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of FB Financial Corporation from a hold rating to a buy rating and set a $41.00 price objective on the stock in a report on Friday, July 7th. Sandler O’Neill lowered shares of FB Financial Corporation from a buy rating to a hold rating in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods lowered shares of FB Financial Corporation from an outperform rating to a market perform rating and set a $35.00 target price on the stock. in a research report on Wednesday, April 26th. Finally, Stephens reiterated a buy rating on shares of FB Financial Corporation in a research report on Monday, April 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $35.00.
FB Financial Corporation (FBK) traded up 1.43% during midday trading on Wednesday, reaching $34.10. 38,201 shares of the company traded hands. The firm has a market capitalization of $987.81 million and a price-to-earnings ratio of 26.79. The firm’s 50 day moving average price is $35.55 and its 200 day moving average price is $33.26. FB Financial Corporation has a 12 month low of $19.81 and a 12 month high of $38.59.
FB Financial Corporation (NYSE:FBK) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.06. FB Financial Corporation had a net margin of 11.57% and a return on equity of 13.09%. The company had revenue of $66.08 million for the quarter, compared to the consensus estimate of $65.99 million. On average, analysts expect that FB Financial Corporation will post $1.92 earnings per share for the current year.
Several hedge funds have recently modified their holdings of FBK. American International Group Inc. acquired a new stake in shares of FB Financial Corporation during the first quarter valued at $144,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of FB Financial Corporation during the first quarter valued at $179,000. Parkwood LLC acquired a new stake in shares of FB Financial Corporation during the first quarter valued at $228,000. Teachers Advisors LLC acquired a new stake in shares of FB Financial Corporation during the fourth quarter valued at $190,000. Finally, Bank of America Corp DE raised its stake in shares of FB Financial Corporation by 888.0% in the first quarter. Bank of America Corp DE now owns 9,129 shares of the financial services provider’s stock valued at $323,000 after buying an additional 8,205 shares during the period. Institutional investors and hedge funds own 21.88% of the company’s stock.
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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