FB Financial (NYSE:FBK) Cut to “Sell” at StockNews.com

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

Several other equities analysts have also recently commented on FBK. Piper Sandler cut shares of FB Financial from an “overweight” rating to a “neutral” rating in a research report on Tuesday, December 13th. Janney Montgomery Scott cut shares of FB Financial from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research report on Wednesday, December 14th. Stephens cut shares of FB Financial from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $46.00 to $42.00 in a research report on Tuesday, December 13th. Finally, Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a research report on Wednesday, December 14th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.86.

FB Financial Stock Up 1.7 %

NYSE FBK opened at $32.02 on Wednesday. The company has a market capitalization of $1.49 billion, a P/E ratio of 12.13 and a beta of 1.04. FB Financial has a 12-month low of $29.46 and a 12-month high of $47.40. The firm has a 50-day moving average price of $36.96 and a two-hundred day moving average price of $38.79.

FB Financial (NYSE:FBK – Get Rating) last posted its quarterly earnings data on Tuesday, January 17th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $127.97 million during the quarter, compared to the consensus estimate of $134.53 million. FB Financial had a net margin of 20.90% and a return on equity of 10.36%. Equities analysts expect that FB Financial will post 3.09 EPS for the current year.

Insider Buying and Selling

In related news, Director Raja J. Jubran acquired 6,150 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average cost of $32.39 per share, for a total transaction of $199,198.50. Following the transaction, the director now directly owns 29,039 shares in the company, valued at $940,573.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other FB Financial news, Director James W. Iv Cross purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was purchased at an average cost of $35.06 per share, for a total transaction of $175,300.00. Following the transaction, the director now owns 55,638 shares in the company, valued at approximately $1,950,668.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raja J. Jubran purchased 6,150 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was acquired at an average price of $32.39 per share, with a total value of $199,198.50. Following the completion of the transaction, the director now owns 29,039 shares in the company, valued at approximately $940,573.21. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FB Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in FBK. BlackRock Inc. boosted its stake in shares of FB Financial by 6.7% in the 3rd quarter. BlackRock Inc. now owns 6,399,541 shares of the financial services provider’s stock valued at $244,527,000 after purchasing an additional 399,978 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of FB Financial by 7.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,169,690 shares of the financial services provider’s stock valued at $186,833,000 after purchasing an additional 348,790 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of FB Financial by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,319,852 shares of the financial services provider’s stock valued at $103,047,000 after purchasing an additional 45,267 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in shares of FB Financial by 17.7% in the 1st quarter. Wasatch Advisors Inc. now owns 1,579,663 shares of the financial services provider’s stock valued at $70,169,000 after purchasing an additional 237,256 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of FB Financial by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,494,825 shares of the financial services provider’s stock valued at $54,024,000 after purchasing an additional 18,872 shares during the last quarter. 63.98% of the stock is currently owned by institutional investors and hedge funds.

About FB Financial

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FB Financial Corp. is a bank holding company, which provides commercial and consumer banking services to clients in select markets primarily in Tennessee, North Alabama, and North Georgia through its subsidiary. It operates through the Banking and Mortgage segments. The Banking segments deals with interest on loans and investments, loan-related fees, originations in banking footprint, investment services, and deposit-related fees.