Shares of FB Financial Corporation (NYSE:FBK) have been assigned a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $36.67.

Several research firms have weighed in on FBK. Stephens restated a “buy” rating and set a $40.00 target price on shares of FB Financial Corporation in a report on Monday, July 31st. UBS AG restated a “buy” rating and set a $41.00 target price (down from $44.00) on shares of FB Financial Corporation in a report on Wednesday, July 26th. Sandler O’Neill upgraded FB Financial Corporation from a “hold” rating to a “buy” rating and raised their target price for the company from $37.00 to $39.00 in a report on Tuesday, August 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 target price on shares of FB Financial Corporation in a report on Thursday, August 3rd. Finally, ValuEngine upgraded FB Financial Corporation from a “hold” rating to a “buy” rating in a report on Monday, September 18th.

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Shares of FB Financial Corporation (NYSE:FBK) traded up 1.33% during midday trading on Friday, hitting $36.54. The stock had a trading volume of 87,247 shares. The firm has a market cap of $1.11 billion and a price-to-earnings ratio of 28.70. The firm has a 50-day moving average price of $35.42 and a 200-day moving average price of $35.42. FB Financial Corporation has a 1-year low of $19.81 and a 1-year high of $36.60.

FB Financial Corporation (NYSE:FBK) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. FB Financial Corporation had a return on equity of 11.57% and a net margin of 11.57%. The company had revenue of $66.08 million for the quarter, compared to analyst estimates of $65.99 million. On average, equities analysts anticipate that FB Financial Corporation will post $1.90 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Nationwide Fund Advisors grew its position in shares of FB Financial Corporation by 78.1% in the second quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,732 shares during the last quarter. American International Group Inc. acquired a new stake in shares of FB Financial Corporation in the first quarter valued at about $144,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of FB Financial Corporation in the first quarter valued at about $179,000. Teachers Advisors LLC acquired a new stake in shares of FB Financial Corporation in the fourth quarter valued at about $190,000. Finally, IFC Holdings Incorporated FL acquired a new stake in shares of FB Financial Corporation in the second quarter valued at about $239,000. 31.86% of the stock is currently owned by institutional investors.

About FB Financial Corporation

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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