FB Financial Co. (NYSE:FBK) Given Consensus Rating of “Hold” by Brokerages

Shares of FB Financial Co. (NYSE:FBK) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $52.60.

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Piper Sandler raised FB Financial from a “neutral” rating to an “overweight” rating and set a $58.00 price objective on the stock in a report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods upped their target price 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.

Insider Transactions at FB Financial

In related news, major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of $48.46 per share, for a total transaction of $96,920.00. Following the completion of the purchase, the insider now directly owns 10,917,841 shares of the company’s stock, valued at $529,078,574.86. The trade was a 0.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders purchased 16,000 shares of company stock valued at $813,900. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On FB Financial

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 314 shares during the last quarter. Albert D Mason Inc. raised its stake in shares of FB Financial by 1.5% in the fourth quarter. Albert D Mason Inc. now owns 23,474 shares of the financial services provider’s stock valued at $1,209,000 after acquiring an additional 346 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of FB Financial by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock worth $3,786,000 after acquiring an additional 356 shares in the last quarter. Teacher Retirement System of Texas grew its position in FB Financial by 1.6% during the 4th quarter. Teacher Retirement System of Texas now owns 25,528 shares of the financial services provider’s stock worth $1,315,000 after acquiring an additional 412 shares during the last quarter. Finally, KBC Group NV grew its position in FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 555 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.

FB Financial Stock Down 0.4 %

Shares of NYSE FBK opened at $46.56 on Wednesday. FB Financial has a 12 month low of $33.35 and a 12 month high of $58.88. The company has a market cap of $2.17 billion, a P/E ratio of 18.85 and a beta of 1.16. The business’s 50 day moving average is $50.59 and its two-hundred day moving average is $50.76.

FB Financial (NYSE:FBK) last released its 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%. Sell-side analysts expect that FB Financial will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were paid a $0.19 dividend. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, February 11th. FB Financial’s dividend payout ratio is currently 30.77%.

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.