Brokerages Set FB Financial Corp (FBK) PT at $41.40

FB Financial Corp (NYSE:FBK) has earned an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $42.33.

A number of brokerages have recently issued reports on FBK. Zacks Investment Research lowered shares of FB Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Raymond James Financial began coverage on shares of FB Financial in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $41.00 target price on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 target price on shares of FB Financial in a research note on Thursday, October 26th. ValuEngine upgraded shares of FB Financial from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Finally, UBS Group upped their target price on shares of FB Financial from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th.

FB Financial (NYSE:FBK) traded up $0.35 during trading hours on Monday, reaching $44.10. 126,656 shares of the company’s stock were exchanged, compared to its average volume of 81,297. 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 stock has a market cap of $1,335.56, a PE ratio of 30.00 and a beta of 2.28. FB Financial has a one year low of $23.71 and a one year high of $44.81.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. The company had revenue of $81.43 million during the quarter, compared to analysts’ expectations of $76.35 million. FB Financial had a net margin of 13.61% and a return on equity of 11.90%. analysts predict that FB Financial will post 2.05 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in FB Financial by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 26,604 shares of the financial services provider’s stock worth $963,000 after acquiring an additional 105 shares during the period. Schwab Charles Investment Management Inc. raised its stake in FB Financial by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 21,966 shares of the financial services provider’s stock worth $795,000 after acquiring an additional 114 shares during the period. Advisor Group Inc. raised its stake in FB Financial by 5.6% during the second quarter. Advisor Group Inc. now owns 8,919 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 475 shares during the period. Victory Capital Management Inc. raised its stake in FB Financial by 4.3% during the third quarter. Victory Capital Management Inc. now owns 31,631 shares of the financial services provider’s stock worth $1,193,000 after acquiring an additional 1,300 shares during the period. Finally, Legal & General Group Plc raised its stake in FB Financial by 70.9% during the third quarter. Legal & General Group Plc now owns 3,195 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,326 shares during the period. Hedge funds and other institutional investors own 35.34% of the company’s stock.

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FB Financial Company Profile

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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