FB Financial Co. (NYSE:FBK) Receives $50.20 Average Price Target from Brokerages

FB Financial Co. (NYSE:FBK) has been given an average rating of “Hold” by the five brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $50.20.

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Hovde Group cut FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a report on Monday, November 18th.

Insider Buying and Selling at FB Financial

In other news, major shareholder James W. Ayers acquired 2,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were purchased at an average cost of $51.40 per share, for a total transaction of $102,800.00. Following the transaction, the insider now owns 10,913,841 shares of the company’s stock, valued at approximately $560,971,427.40. This represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have bought 14,000 shares of company stock worth $716,880. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FBK. Point72 Asset Management L.P. bought a new position in FB Financial in the 3rd quarter valued at $47,000. GAMMA Investing LLC boosted its position in shares of FB Financial by 45.2% in the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 314 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of FB Financial by 810.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 997 shares during the last quarter. nVerses Capital LLC bought a new position in shares of FB Financial in the 3rd quarter worth $84,000. Finally, KBC Group NV boosted its position in shares of FB Financial by 36.2% in the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 555 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors.

FB Financial Trading Down 2.4 %

Shares of FBK opened at $49.75 on Friday. FB Financial has a 1 year low of $33.35 and a 1 year high of $58.88. The stock has a 50 day simple moving average of $52.18 and a 200-day simple moving average of $50.33. The stock has a market cap of $2.32 billion, a PE ratio of 20.14 and a beta of 1.15.

FB Financial (NYSE:FBK) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. On average, sell-side analysts forecast that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.53%. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, February 11th. FB Financial’s dividend payout ratio (DPR) is presently 30.77%.

About FB Financial

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.