FB Financial (FBK) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of FB Financial (NYSE:FBK) from a buy rating to a hold rating in a research report report published on Friday morning.

FBK has been the subject of a number of other research reports. Raymond James Financial started coverage on shares of FB Financial in a research report on Tuesday, October 10th. They set an outperform rating and a $41.00 target price for the company. Zacks Investment Research lowered shares of FB Financial from a buy rating to a hold rating in a research report on Thursday, November 16th. Keefe, Bruyette & Woods reiterated a hold rating and set a $42.00 target price on shares of FB Financial in a research report on Thursday, October 26th. UBS raised their price objective on shares of FB Financial from $41.00 to $45.00 and gave the company a buy rating in a research report on Wednesday, October 25th. Finally, Sandler O’Neill upgraded shares of FB Financial from a hold rating to a buy rating and raised their price objective for the company from $37.00 to $39.00 in a research report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. FB Financial currently has an average rating of Buy and an average target price of $42.33.

FB Financial (NYSE FBK) opened at $43.00 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1,309.31, a PE ratio of 22.11 and a beta of 2.19. FB Financial has a 1 year low of $23.30 and a 1 year high of $44.08.

FB Financial (NYSE:FBK) last issued its earnings results on Monday, October 23rd. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.13. The firm had revenue of $81.43 million during the quarter, compared to analyst estimates of $76.35 million. FB Financial had a net margin of 13.61% and a return on equity of 11.90%. sell-side analysts expect that FB Financial will post 2.05 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in shares of FB Financial by 70.9% in the third quarter. Legal & General Group Plc now owns 3,195 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,326 shares during the period. Nationwide Fund Advisors boosted its position in shares of FB Financial by 78.1% in the second quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,732 shares during the period. American International Group Inc. bought a new position in shares of FB Financial in the first quarter valued at approximately $144,000. Metropolitan Life Insurance Co. NY bought a new position in shares of FB Financial in the first quarter valued at approximately $179,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of FB Financial in the third quarter valued at approximately $202,000. Institutional investors own 35.34% of the company’s stock.

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About FB Financial

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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