FB Financial Corporation (FBK) Receives Consensus Rating of “Buy” from Analysts
Shares of FB Financial Corporation (NYSE:FBK) have been given an average rating of “Buy” by the seven brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $42.33.
Several research analysts recently commented on the company. Sandler O’Neill upgraded FB Financial Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $39.00 in a research report on Tuesday, August 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 price target on shares of FB Financial Corporation in a research report on Thursday, August 3rd. Stephens reiterated a “buy” rating and issued a $40.00 price target on shares of FB Financial Corporation in a research report on Monday, July 31st. UBS AG lifted their price target on FB Financial Corporation from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Raymond James Financial, Inc. initiated coverage on FB Financial Corporation in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $41.00 price target for the company.
Several institutional investors and hedge funds have recently made changes to their positions in the company. RE Advisers Corp raised its holdings in shares of FB Financial Corporation by 1.2% in the 2nd quarter. RE Advisers Corp now owns 610,975 shares of the financial services provider’s stock valued at $22,111,000 after purchasing an additional 7,500 shares in the last quarter. Jacobs Asset Management LLC increased its stake in FB Financial Corporation by 260.9% in the second quarter. Jacobs Asset Management LLC now owns 415,000 shares of the financial services provider’s stock valued at $15,019,000 after purchasing an additional 300,000 shares during the period. Vanguard Group Inc. increased its stake in FB Financial Corporation by 15.6% in the second quarter. Vanguard Group Inc. now owns 302,864 shares of the financial services provider’s stock valued at $10,960,000 after purchasing an additional 40,799 shares during the period. Banc Funds Co. LLC increased its stake in FB Financial Corporation by 8.8% in the second quarter. Banc Funds Co. LLC now owns 209,868 shares of the financial services provider’s stock valued at $7,595,000 after purchasing an additional 17,000 shares during the period. Finally, FSI Group LLC increased its stake in FB Financial Corporation by 85.0% in the second quarter. FSI Group LLC now owns 185,000 shares of the financial services provider’s stock valued at $6,695,000 after purchasing an additional 85,000 shares during the period. Institutional investors and hedge funds own 32.06% of the company’s stock.
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Shares of FB Financial Corporation (NYSE:FBK) traded up $0.02 during mid-day trading on Friday, hitting $39.02. The stock had a trading volume of 66,900 shares, compared to its average volume of 86,385. The company has a market capitalization of $1,191.16, a PE ratio of 20.11 and a beta of 2.46. FB Financial Corporation has a 1 year low of $21.86 and a 1 year high of $41.97. The company has a quick ratio of 0.77, a current ratio of 0.92 and a debt-to-equity ratio of 0.09.
FB Financial Corporation (NYSE:FBK) last released its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.13. The company had revenue of $81.43 million during the quarter, compared to analyst estimates of $76.35 million. FB Financial Corporation had a return on equity of 13.25% and a net margin of 13.61%. research analysts forecast that FB Financial Corporation will post 1.96 EPS for the current fiscal year.
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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