Brokerages Set FB Financial Co. (NYSE:FBK) Price Target at $50.20

FB Financial Co. (NYSE:FBK) has earned an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $50.20.

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

FB Financial Price Performance

Shares of FBK opened at $52.38 on Tuesday. The company has a 50-day moving average of $53.63 and a two-hundred day moving average of $49.18. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 21.21 and a beta of 1.16. FB Financial has a one year low of $33.35 and a one year high of $58.88.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.52%. Analysts anticipate that FB Financial will post 3.5 earnings per share for the current year.

Insider Transactions at FB Financial

In other FB Financial news, Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 54,078 shares of the company’s stock, valued at $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of $50.29 per share, for a total transaction of $100,580.00. Following the acquisition, the insider now directly owns 10,904,341 shares in the company, valued at $548,379,308.89. This represents a 0.02 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 13,500 shares of company stock valued at $698,590 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of FB Financial

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in FB Financial by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock valued at $75,623,000 after acquiring an additional 106,553 shares in the last quarter. Wasatch Advisors LP increased its position in shares of FB Financial by 4.7% during the third quarter. Wasatch Advisors LP now owns 1,225,838 shares of the financial services provider’s stock valued at $57,529,000 after purchasing an additional 55,071 shares during the period. Geode Capital Management LLC raised its stake in shares of FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock valued at $38,272,000 after purchasing an additional 7,021 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in FB Financial by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock worth $17,521,000 after purchasing an additional 14,797 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in FB Financial by 7.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock worth $10,786,000 after buying an additional 15,739 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

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.