Somewhat Favorable News Coverage Somewhat Unlikely to Impact FB Financial (FBK) Stock Price
News stories about FB Financial (NYSE:FBK) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. FB Financial earned a news impact score of 0.15 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.2684725013122 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded FB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Sandler O’Neill upgraded FB Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $39.00 in a report on Tuesday, August 15th. ValuEngine downgraded FB Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 price objective on shares of FB Financial in a report on Thursday, October 26th. Finally, UBS boosted their price target on FB Financial from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. FB Financial currently has a consensus rating of “Buy” and an average target price of $42.33.
Shares of FB Financial (NYSE:FBK) opened at $42.97 on Tuesday. FB Financial has a twelve month low of $23.36 and a twelve month high of $44.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.83. The firm has a market capitalization of $1,319.08, a P/E ratio of 22.27 and a beta of 2.19.
FB Financial (NYSE:FBK) last issued its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.13. FB Financial had a return on equity of 11.90% and a net margin of 13.61%. The business had revenue of $81.43 million during the quarter, compared to the consensus estimate of $76.35 million. sell-side analysts predict that FB Financial will post 2.05 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-fb-financial-fbk-stock-price/1758712.html.
FB Financial 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.
Receive News & Ratings for FB Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FB Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.