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.
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.
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.
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