FB Financial (NYSE:FBK) Stock Rating Lowered by StockNews.com

FB Financial (NYSE:FBK – Get Rating) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other equities research analysts also recently commented on FBK. Piper Sandler downgraded FB Financial from an “overweight” rating to a “neutral” rating in a research report on Tuesday, December 13th. Keefe, Bruyette & Woods cut FB Financial from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $48.00 to $45.00 in a report on Wednesday, October 19th. Truist Financial lowered shares of FB Financial from a “buy” rating to a “hold” rating and cut their price objective for the stock from $45.00 to $42.00 in a report on Tuesday, October 18th. Stephens downgraded shares of FB Financial from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $46.00 to $42.00 in a report on Tuesday, December 13th. Finally, Janney Montgomery Scott downgraded shares of FB Financial from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research note on Wednesday, December 14th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.86.

FB Financial Stock Up 1.5 %

FBK opened at $36.63 on Thursday. The business’s fifty day simple moving average is $38.86 and its 200 day simple moving average is $40.05. FB Financial has a 52 week low of $34.02 and a 52 week high of $47.40. The firm has a market cap of $1.72 billion, a P/E ratio of 12.85 and a beta of 1.05.

Insider Buying and Selling at FB Financial

In related news, Director James W. Iv Cross purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were purchased at an average cost of $35.06 per share, with a total value of $175,300.00. Following the completion of the acquisition, the director now directly owns 55,638 shares of the company’s stock, valued at approximately $1,950,668.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James W. Iv Cross acquired 5,000 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was purchased at an average cost of $35.06 per share, with a total value of $175,300.00. Following the completion of the acquisition, the director now directly owns 55,638 shares in the company, valued at $1,950,668.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wilburn J. Evans sold 60,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $43.05, for a total value of $2,583,000.00. Following the transaction, the insider now directly owns 22,429 shares in the company, valued at approximately $965,568.45. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FB Financial

Several institutional investors and hedge funds have recently bought and sold shares of FBK. Quantbot Technologies LP increased its position in FB Financial by 232.1% in the third quarter. Quantbot Technologies LP now owns 1,199 shares of the financial services provider’s stock worth $45,000 after buying an additional 838 shares during the period. Quadrant Capital Group LLC lifted its position in FB Financial by 702.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,389 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,216 shares during the last quarter. Point72 Hong Kong Ltd boosted its stake in FB Financial by 413.0% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,616 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 1,301 shares during the period. KBC Group NV bought a new position in FB Financial in the 2nd quarter worth about $107,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of FB Financial in the second quarter valued at approximately $111,000. Institutional investors and hedge funds own 63.98% of the company’s stock.

FB Financial Company Profile

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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.