Analysts Set FB Financial Co. (NYSE:FBK) Price Target at $52.60

Shares of FB Financial Co. (NYSE:FBK) have been given an average recommendation of “Hold” by the five analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $52.60.

FBK has been the topic of several recent research reports. Piper Sandler upgraded FB Financial from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research report on Monday, November 18th.

Insider Buying and Selling

In other news, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average price of $51.40 per share, with a total value of $102,800.00. Following the completion of the purchase, the insider now directly owns 10,913,841 shares in the company, valued at $560,971,427.40. The trade was a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have acquired 16,000 shares of company stock worth $813,900. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FBK. Point72 Asset Management L.P. bought a new position in FB Financial in the third quarter valued at $47,000. GAMMA Investing LLC increased its stake in FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 314 shares during the last quarter. Sterling Capital Management LLC increased its stake in FB Financial by 810.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 997 shares during the last quarter. KBC Group NV increased its stake in FB Financial by 36.2% in the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 555 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of FB Financial during the third quarter valued at about $110,000. Institutional investors own 65.40% of the company’s stock.

FB Financial Trading Up 2.6 %

Shares of NYSE FBK opened at $46.59 on Wednesday. The stock has a fifty day simple moving average of $50.76 and a two-hundred day simple moving average of $50.73. FB Financial has a 1-year low of $33.35 and a 1-year high of $58.88. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 18.86 and a beta of 1.16.

FB Financial (NYSE:FBK) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. Analysts forecast that FB Financial will post 3.64 EPS for the current year.

FB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Tuesday, February 11th. This is an increase from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s dividend payout ratio (DPR) is 30.77%.

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.