FB Financial Co. (NYSE:FBK) Receives Average Rating of “Hold” from Analysts

Shares of FB Financial Co. (NYSE:FBK) have earned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $55.40.

A number of equities analysts have recently weighed in on the stock. Stephens reduced their price target on shares of FB Financial from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday. Piper Sandler lifted their target price on FB Financial from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday. Hovde Group raised FB Financial from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $60.00 to $59.00 in a research note on Tuesday, April 1st. Finally, StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd.

FB Financial Stock Down 2.7 %

Shares of FB Financial stock opened at $40.74 on Friday. FB Financial has a 12 month low of $33.35 and a 12 month high of $58.88. The business has a fifty day simple moving average of $49.23 and a 200 day simple moving average of $50.73. The stock has a market cap of $1.90 billion, a PE ratio of 16.50 and a beta of 1.16.

FB Financial (NYSE:FBK) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 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%. Analysts expect that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were paid a $0.19 dividend. This is an increase from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.87%. FB Financial’s dividend payout ratio (DPR) is currently 30.77%.

Insider Activity

In other FB Financial news, major shareholder James W. Ayers acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were acquired at an average price of $50.26 per share, with a total value of $100,520.00. Following the completion of the transaction, the insider now directly owns 10,915,841 shares in the company, valued at $548,630,168.66. This trade represents a 0.02 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 14,000 shares of company stock worth $710,180 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On FB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of FB Financial by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock valued at $38,272,000 after acquiring an additional 7,021 shares in the last quarter. Northern Trust Corp boosted its position in FB Financial by 15.3% during the fourth quarter. Northern Trust Corp now owns 424,882 shares of the financial services provider’s stock valued at $21,886,000 after purchasing an additional 56,474 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in FB Financial by 1.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 394,155 shares of the financial services provider’s stock valued at $20,303,000 after purchasing an additional 7,037 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FB Financial by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 376,288 shares of the financial services provider’s stock worth $19,383,000 after purchasing an additional 2,943 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of FB Financial by 3.0% during the 4th quarter. Federated Hermes Inc. now owns 339,938 shares of the financial services provider’s stock worth $17,510,000 after purchasing an additional 9,995 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

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.