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

Shares of FB Financial Co. (NYSE:FBKGet Rating) have been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $49.20.

Several research firms have recently commented on FBK. Zacks Investment Research upgraded FB Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Thursday, March 31st. Stephens increased their price target on FB Financial from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 19th. Finally, StockNews.com began coverage on FB Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

FBK stock traded up $0.39 during mid-day trading on Monday, reaching $41.13. The company’s stock had a trading volume of 187,073 shares, compared to its average volume of 132,005. The company has a market capitalization of $1.95 billion, a P/E ratio of 10.39 and a beta of 1.05. FB Financial has a 12 month low of $34.99 and a 12 month high of $48.03. The business’s 50 day moving average price is $44.26.

FB Financial (NYSE:FBKGet Rating) last released its quarterly earnings data on Tuesday, January 18th. The financial services provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.07. The firm had revenue of $142.97 million during the quarter, compared to the consensus estimate of $139.41 million. FB Financial had a return on equity of 13.04% and a net margin of 31.03%. During the same quarter in the previous year, the company posted $1.14 earnings per share. As a group, equities research analysts expect that FB Financial will post 3.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 22nd. Shareholders of record on Tuesday, February 8th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Monday, February 7th. This is an increase from FB Financial’s previous quarterly dividend of $0.11. FB Financial’s dividend payout ratio is 13.13%.

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in FB Financial by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 285,448 shares of the financial services provider’s stock valued at $12,240,000 after purchasing an additional 9,167 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of FB Financial by 48.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 63,249 shares of the financial services provider’s stock worth $2,360,000 after acquiring an additional 20,725 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of FB Financial by 4.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,933 shares of the financial services provider’s stock worth $1,155,000 after acquiring an additional 1,128 shares during the period. Wasatch Advisors Inc. grew its stake in shares of FB Financial by 4.9% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,441,571 shares of the financial services provider’s stock worth $61,815,000 after acquiring an additional 67,335 shares during the period. Finally, Comerica Bank grew its stake in shares of FB Financial by 2.5% during the 3rd quarter. Comerica Bank now owns 32,183 shares of the financial services provider’s stock worth $1,505,000 after acquiring an additional 776 shares during the period. Hedge funds and other institutional investors own 64.99% of the company’s stock.

About FB Financial (Get Rating)

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 two segments, 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 engages in the mortgage origination business.

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