FB Financial Corporation (NYSE:FBK) Receives Average Rating of “Moderate Buy” from Analysts

FB Financial Corporation (NYSE:FBK) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $60.80.

A number of research firms recently commented on FBK. Cantor Fitzgerald reiterated an “overweight” rating and set a $66.00 price objective (up previously from $61.00) on shares of FB Financial in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FB Financial in a research note on Wednesday, October 8th. Piper Sandler boosted their price objective on shares of FB Financial from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Finally, Wall Street Zen raised shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th.

FB Financial Price Performance

Shares of FB Financial stock opened at $56.74 on Friday. FB Financial has a 1 year low of $38.83 and a 1 year high of $60.51. The business has a 50 day moving average price of $55.49 and a 200 day moving average price of $52.17. The company has a market capitalization of $3.03 billion, a P/E ratio of 26.51 and a beta of 0.99.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Tuesday, February 15th. The financial services provider reported $1.14 earnings per share for the quarter. FB Financial had a return on equity of 10.56% and a net margin of 11.73%.The company had revenue of $163.71 million during the quarter. As a group, research analysts expect that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, November 10th. FB Financial’s dividend payout ratio is currently 35.51%.

Hedge Funds Weigh In On FB Financial

Several institutional investors have recently added to or reduced their stakes in FBK. Investors Research Corp acquired a new stake in FB Financial in the 3rd quarter worth about $26,000. UMB Bank n.a. lifted its holdings in shares of FB Financial by 155.9% during the 3rd quarter. UMB Bank n.a. now owns 481 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 293 shares during the period. Tripletail Wealth Management LLC acquired a new stake in shares of FB Financial in the third quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its position in shares of FB Financial by 1,152.2% in the second quarter. EverSource Wealth Advisors LLC now owns 864 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 795 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in FB Financial by 294.7% in the third quarter. Bessemer Group Inc. now owns 746 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 557 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

FB Financial Company Profile

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company’s core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial’s service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.