Brokerages Set FB Financial Co. (NYSE:FBK) PT at $50.20

Shares of FB Financial Co. (NYSE:FBK) have been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $50.20.

Several analysts have commented on FBK shares. Keefe, Bruyette & Woods upped their price objective on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a research note on Monday, November 18th.

Insiders Place Their Bets

In other FB Financial news, Director James W. Iv Cross sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the completion of the transaction, the director now directly owns 54,078 shares in the company, valued at approximately $3,148,421.16. This trade represents a 8.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder James W. Ayers purchased 2,000 shares of FB Financial stock in a transaction on Friday, January 10th. The stock was acquired at an average cost of $48.46 per share, for a total transaction of $96,920.00. Following the acquisition, the insider now directly owns 10,917,841 shares of the company’s stock, valued at approximately $529,078,574.86. This represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 13,500 shares of company stock worth $698,590. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On FB Financial

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of FB Financial by 45.2% during the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 314 shares during the last quarter. Albert D Mason Inc. boosted its stake in shares of FB Financial by 1.5% during the 4th quarter. Albert D Mason Inc. now owns 23,474 shares of the financial services provider’s stock worth $1,209,000 after purchasing an additional 346 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of FB Financial by 0.4% during the third quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock worth $3,786,000 after buying an additional 356 shares in the last quarter. KBC Group NV raised its position in shares of FB Financial by 36.2% in the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock valued at $108,000 after buying an additional 555 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of FB Financial by 1.9% during the third quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock valued at $1,611,000 after buying an additional 631 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.

FB Financial Stock Up 0.5 %

FBK opened at $52.75 on Tuesday. FB Financial has a 52 week low of $33.35 and a 52 week high of $58.88. The business’s 50 day moving average is $53.49 and its two-hundred day moving average is $49.30. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 21.35 and a beta of 1.16.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. Equities analysts expect that FB Financial will post 3.59 EPS for the current fiscal year.

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.