Raymond James Financial, Inc. began coverage on shares of FB Financial Corporation (NYSE:FBK) in a report issued on Tuesday. The firm issued an outperform rating and a $41.00 price target on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. Stephens reaffirmed a buy rating and set a $40.00 price target on shares of FB Financial Corporation in a research note on Monday, July 31st. UBS AG reaffirmed a buy rating and set a $41.00 price target (down from $44.00) on shares of FB Financial Corporation in a research note on Wednesday, July 26th. Zacks Investment Research raised FB Financial Corporation from a hold rating to a buy rating and set a $41.00 price target for the company in a research note on Friday, July 7th. ValuEngine raised FB Financial Corporation from a hold rating to a buy rating in a research note on Monday, September 18th. Finally, Sandler O’Neill raised FB Financial Corporation from a hold rating to a buy rating and raised their price target for the stock from $37.00 to $39.00 in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $37.29.

FB Financial Corporation (FBK) traded up 0.13% during mid-day trading on Tuesday, reaching $38.30. The company’s stock had a trading volume of 15,644 shares. FB Financial Corporation has a 1-year low of $20.25 and a 1-year high of $38.94. The firm has a 50-day moving average of $36.81 and a 200 day moving average of $36.81. The firm has a market capitalization of $1.17 billion and a price-to-earnings ratio of 33.30.

FB Financial Corporation (NYSE:FBK) last posted its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $65.99 million. Equities analysts expect that FB Financial Corporation will post $1.90 earnings per share for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of FB Financial Corporation by 888.0% during the 1st quarter. Bank of America Corp DE now owns 9,129 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 8,205 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of FB Financial Corporation by 35.5% during the 1st quarter. Vanguard Group Inc. now owns 262,065 shares of the financial services provider’s stock valued at $9,267,000 after acquiring an additional 68,670 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of FB Financial Corporation during the 1st quarter valued at about $728,000. Prudential Financial Inc. acquired a new position in shares of FB Financial Corporation during the 2nd quarter valued at about $536,000. Finally, Stieven Capital Advisors L.P. acquired a new position in shares of FB Financial Corporation during the 2nd quarter valued at about $6,333,000. 31.86% of the stock is owned by institutional investors.

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.

Analyst Recommendations for FB Financial Corporation (NYSE:FBK)

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