ValuEngine upgraded shares of FB Financial (NYSE:FBK) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

FBK has been the topic of several other reports. Zacks Investment Research cut shares of FB Financial from a hold rating to a strong sell rating in a research note on Wednesday, February 13th. TheStreet raised shares of FB Financial from a c+ rating to a b rating in a research note on Monday, May 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $41.25.

Shares of FB Financial stock opened at $36.21 on Wednesday. The firm has a market capitalization of $1.12 billion, a PE ratio of 13.87 and a beta of 0.98. FB Financial has a 12 month low of $30.33 and a 12 month high of $44.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.86 and a current ratio of 0.92.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The company had revenue of $82.06 million for the quarter, compared to analysts’ expectations of $80.29 million. FB Financial had a net margin of 21.24% and a return on equity of 12.44%. As a group, equities research analysts expect that FB Financial will post 2.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Wednesday, May 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.32 annualized dividend and a yield of 0.88%. FB Financial’s dividend payout ratio is currently 12.26%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FB Financial by 158.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,133 shares of the financial services provider’s stock valued at $40,000 after buying an additional 694 shares during the period. Acadian Asset Management LLC acquired a new position in FB Financial in the 1st quarter valued at $44,000. Oppenheimer Asset Management Inc. acquired a new position in FB Financial in the 4th quarter valued at $93,000. Great West Life Assurance Co. Can increased its stake in FB Financial by 249.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 2,796 shares of the financial services provider’s stock valued at $94,000 after buying an additional 1,996 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in FB Financial by 68,000.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,405 shares of the financial services provider’s stock valued at $108,000 after buying an additional 3,400 shares during the period. 52.83% of the stock is currently owned by institutional investors.

FB Financial Company Profile

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.

Read More: What is the Ex-Dividend Date in Investing?

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