FB Financial Co. (NYSE:FBK) Receives $50.20 Consensus Target Price from Brokerages

Shares of FB Financial Co. (NYSE:FBK) have been given a consensus recommendation of “Hold” by the five research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $50.20.

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods increased their price target on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a report on Monday, November 18th.

Insider Activity at FB Financial

In related news, Director James W. Iv Cross sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the transaction, the director now directly owns 54,078 shares of the company’s stock, valued at approximately $3,148,421.16. This trade represents a 8.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder James W. Ayers acquired 2,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were bought at an average price of $48.17 per share, for a total transaction of $96,340.00. Following the completion of the transaction, the insider now owns 10,894,341 shares of the company’s stock, valued at approximately $524,780,405.97. This trade represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 15,000 shares of company stock worth $762,180. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of FB Financial

Several institutional investors have recently added to or reduced their stakes in FBK. Louisiana State Employees Retirement System increased its stake in shares of FB Financial by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the financial services provider’s stock valued at $691,000 after buying an additional 300 shares during the period. Stifel Financial Corp increased its holdings in shares of FB Financial by 0.4% in the third quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock valued at $3,786,000 after purchasing an additional 356 shares during the period. Victory Capital Management Inc. raised its position in FB Financial by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock worth $685,000 after buying an additional 467 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of FB Financial by 0.4% during the second quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider’s stock worth $4,346,000 after purchasing an additional 482 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of FB Financial by 1.9% during the 3rd quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock valued at $1,611,000 after buying an additional 631 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.

FB Financial Trading Down 1.6 %

FBK stock opened at $51.69 on Friday. The stock has a market capitalization of $2.41 billion, a PE ratio of 22.57 and a beta of 1.15. The stock’s 50 day simple moving average is $53.65 and its 200 day simple moving average is $47.49. FB Financial has a 12-month low of $33.35 and a 12-month high of $58.88.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same period last year, the company earned $0.71 EPS. On average, research analysts predict that FB Financial will post 3.38 earnings per share for the current year.

FB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is currently 29.69%.

About FB Financial

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.