FB Financial Co. (NYSE:FBK) Given Consensus Rating of “Hold” by Brokerages

Shares of FB Financial Co. (NYSE:FBK) have received an average rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $48.60.

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their target price on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, October 16th. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research note on Monday, November 18th.

FB Financial Price Performance

FB Financial stock opened at $56.45 on Monday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 24.65 and a beta of 1.12. The stock has a fifty day moving average price of $50.65 and a two-hundred day moving average price of $45.06. FB Financial has a 52-week low of $32.82 and a 52-week high of $58.88.

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

FB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a $0.17 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.20%. FB Financial’s dividend payout ratio (DPR) is currently 29.69%.

Insider Transactions at FB Financial

In other news, Director James W. Iv Cross sold 5,000 shares of FB Financial stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the completion of the sale, the director now owns 54,078 shares in the company, valued at $3,148,421.16. The trade was a 8.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were acquired at an average cost of $48.17 per share, with a total value of $96,340.00. Following the completion of the purchase, the insider now owns 10,894,341 shares of the company’s stock, valued at $524,780,405.97. The trade was a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 13,000 shares of company stock worth $658,460 over the last 90 days. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FBK. Point72 Asset Management L.P. bought a new stake in FB Financial in the third quarter valued at about $47,000. nVerses Capital LLC acquired a new position in shares of FB Financial during the 3rd quarter worth about $84,000. Point72 DIFC Ltd bought a new stake in shares of FB Financial in the 3rd quarter valued at about $110,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FB Financial in the 3rd quarter valued at approximately $124,000. Finally, Raymond James Trust N.A. bought a new position in FB Financial during the 3rd quarter worth approximately $201,000. 65.40% 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 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.