FB Financial Co. (NYSE:FBK) Receives $52.60 Consensus Target Price from Brokerages

Shares of FB Financial Co. (NYSE:FBK) have earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $52.60.

FBK has been the topic of several recent analyst reports. Piper Sandler raised FB Financial from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Tuesday. Hovde Group cut FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research note on Monday, November 18th. Keefe, Bruyette & Woods raised their target price on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd.

Insiders Place Their Bets

In other FB Financial news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction dated Monday, January 6th. The stock was purchased at an average cost of $51.40 per share, for a total transaction of $102,800.00. Following the completion of the acquisition, the insider now owns 10,913,841 shares of the company’s stock, valued at approximately $560,971,427.40. This trade represents a 0.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased 16,000 shares of company stock worth $813,900 over the last three months. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On FB Financial

Several large investors have recently made changes to their positions in FBK. Point72 Asset Management L.P. purchased a new position in shares of FB Financial during the third quarter valued at approximately $47,000. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 314 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of FB Financial by 810.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 997 shares during the last quarter. KBC Group NV lifted its holdings in shares of FB Financial by 36.2% during the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 555 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of FB Financial during the third quarter valued at approximately $110,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

FB Financial Trading Up 2.6 %

Shares of NYSE:FBK opened at $46.59 on Wednesday. The stock’s 50-day moving average price is $50.76 and its 200-day moving average price is $50.73. FB Financial has a 12-month low of $33.35 and a 12-month high of $58.88. The stock has a market capitalization of $2.17 billion, a P/E ratio of 18.86 and a beta of 1.16.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that FB Financial will post 3.64 EPS for the current year.

FB Financial Increases Dividend

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