Stephens Reaffirms Buy Rating for FB Financial Corporation (FBK)

Stephens reaffirmed their buy rating on shares of FB Financial Corporation (NYSE:FBK) in a research report released on Monday, July 31st. They currently have a $40.00 target price on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on FBK. Zacks Investment Research upgraded shares of FB Financial Corporation from a sell rating to a hold rating and set a $43.00 target price for the company in a report on Wednesday, April 26th. Keefe, Bruyette & Woods downgraded shares of FB Financial Corporation from an outperform rating to a market perform rating and set a $35.00 price target for the company. in a research report on Wednesday, April 26th. Sandler O’Neill downgraded shares of FB Financial Corporation from a buy rating to a hold rating in a research report on Wednesday, April 26th. Finally, UBS AG restated a buy rating and issued a $41.00 price target (down previously from $44.00) on shares of FB Financial Corporation in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. FB Financial Corporation has an average rating of Buy and an average target price of $36.67.

FB Financial Corporation (NYSE FBK) opened at 34.02 on Monday. FB Financial Corporation has a 12 month low of $19.81 and a 12 month high of $38.59. The company’s 50 day moving average price is $34.64 and its 200 day moving average price is $34.05. The firm has a market capitalization of $1.04 billion and a P/E ratio of 26.72.

FB Financial Corporation (NYSE:FBK) last issued its earnings results on Monday, July 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. The firm had revenue of $66.08 million during the quarter, compared to analysts’ expectations of $65.99 million. FB Financial Corporation had a net margin of 11.57% and a return on equity of 11.57%. Analysts anticipate that FB Financial Corporation will post $1.90 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors increased its stake in FB Financial Corporation by 78.1% in the second quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock worth $143,000 after buying an additional 1,732 shares during the last quarter. American International Group Inc. bought a new stake in FB Financial Corporation during the first quarter worth about $144,000. Metropolitan Life Insurance Co. NY bought a new stake in FB Financial Corporation during the first quarter worth about $179,000. Teachers Advisors LLC bought a new stake in FB Financial Corporation during the fourth quarter worth about $190,000. Finally, Parkwood LLC bought a new stake in FB Financial Corporation during the first quarter worth about $228,000. Institutional investors own 22.73% of the company’s stock.

About FB Financial Corporation

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.

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