FB Financial (NYSE:FBK) PT Raised to $40.00

FB Financial (NYSE:FBK) had its target price increased by stock analysts at Keefe, Bruyette & Woods from $38.00 to $40.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 0.63% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler raised shares of FB Financial from a “neutral” rating to an “overweight” rating and upped their target price for the company from $38.00 to $41.00 in a report on Tuesday, April 16th. Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $40.00 to $40.50 in a research note on Tuesday, April 16th. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. decreased their target price on FB Financial from $43.00 to $42.00 and set an “underweight” rating on the stock in a report on Thursday, June 27th. Finally, Stephens raised FB Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $39.00 to $45.00 in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, FB Financial presently has a consensus rating of “Hold” and a consensus target price of $40.14.

FB Financial Stock Up 2.1 %

NYSE:FBK opened at $39.75 on Tuesday. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 16.70 and a beta of 1.14. FB Financial has a twelve month low of $27.42 and a twelve month high of $41.00. The stock’s 50 day moving average price is $37.59 and its two-hundred day moving average price is $37.18.

FB Financial (NYSE:FBK) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.15. FB Financial had a net margin of 14.90% and a return on equity of 10.20%. The business had revenue of $107.45 million for the quarter, compared to the consensus estimate of $119.84 million. As a group, analysts anticipate that FB Financial will post 3.13 earnings per share for the current year.

Institutional Investors Weigh In On FB Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. SummerHaven Investment Management LLC increased its position in FB Financial by 1.1% during the fourth quarter. SummerHaven Investment Management LLC now owns 25,229 shares of the financial services provider’s stock worth $1,005,000 after acquiring an additional 278 shares during the period. Albert D Mason Inc. grew its position in shares of FB Financial by 1.3% during the 1st quarter. Albert D Mason Inc. now owns 23,099 shares of the financial services provider’s stock worth $870,000 after purchasing an additional 297 shares in the last quarter. Texas Permanent School Fund Corp grew its position in shares of FB Financial by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 30,747 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 398 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of FB Financial by 2.4% during the first quarter. Illinois Municipal Retirement Fund now owns 19,904 shares of the financial services provider’s stock worth $750,000 after purchasing an additional 468 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of FB Financial by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock valued at $269,000 after buying an additional 494 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

FB Financial Company Profile

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.