FB Financial (NYSE:FBK) Lifted to “Hold” at StockNews.com

FB Financial (NYSE:FBKGet Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Other research analysts have also issued research reports about the company. Janney Montgomery Scott raised FB Financial from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $34.00 to $35.50 in a report on Wednesday, October 18th. Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $41.50 to $40.00 in a report on Wednesday, January 17th. Finally, Stephens dropped their price objective on FB Financial from $45.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.58.

Read Our Latest Report on FBK

FB Financial Price Performance

Shares of NYSE:FBK traded up $0.81 during trading on Monday, reaching $37.13. The company had a trading volume of 121,372 shares, compared to its average volume of 149,154. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 14.45 and a beta of 1.17. The stock’s fifty day moving average price is $38.17 and its 200 day moving average price is $33.55. FB Financial has a fifty-two week low of $24.34 and a fifty-two week high of $41.00.

FB Financial (NYSE:FBKGet Free Report) last released its earnings results on Tuesday, January 16th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The business had revenue of $116.43 million for the quarter, compared to analyst estimates of $121.58 million. FB Financial had a return on equity of 10.10% and a net margin of 16.05%. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, equities analysts anticipate that FB Financial will post 2.84 EPS for the current fiscal year.

Insider Buying and Selling

In other FB Financial news, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction that occurred on Monday, January 22nd. The shares were purchased at an average cost of $38.20 per share, for a total transaction of $76,400.00. Following the completion of the transaction, the insider now owns 10,881,841 shares of the company’s stock, valued at approximately $415,686,326.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FB Financial

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in shares of FB Financial by 570.5% in the first quarter. Tower Research Capital LLC TRC now owns 979 shares of the financial services provider’s stock valued at $30,000 after buying an additional 833 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in FB Financial during the 3rd quarter valued at approximately $31,000. First Horizon Advisors Inc. grew its stake in FB Financial by 42.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,436 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 430 shares in the last quarter. GAMMA Investing LLC acquired a new stake in FB Financial during the 4th quarter valued at approximately $43,000. Finally, Point72 Middle East FZE grew its stake in FB Financial by 111.6% during the 2nd quarter. Point72 Middle East FZE now owns 1,661 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 876 shares in the last quarter. Institutional investors and hedge funds own 63.91% of the company’s stock.

About FB Financial

(Get Free Report)

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.

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Analyst Recommendations for FB Financial (NYSE:FBK)

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