FB Financial (NYSE:FBK) Price Target Increased to $43.00 by Analysts at JPMorgan Chase & Co.

FB Financial (NYSE:FBK) had its price target lifted by analysts at JPMorgan Chase & Co. from $41.00 to $43.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 20.92% from the company’s current price.

FBK has been the subject of a number of other research reports. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $40.00 to $40.50 in a research note on Tuesday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $38.00 target price on shares of FB Financial in a research note on Wednesday. Piper Sandler upgraded shares of FB Financial from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $41.00 in a research note on Tuesday. Stephens cut their target price on shares of FB Financial from $45.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 17th. Finally, StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.43.

FB Financial Trading Down 0.2 %

FB Financial stock opened at $35.56 on Wednesday. The company has a market cap of $1.67 billion, a P/E ratio of 14.94 and a beta of 1.15. FB Financial has a 1-year low of $24.34 and a 1-year high of $41.00. The company has a fifty day simple moving average of $35.96 and a 200 day simple moving average of $35.12.

FB Financial (NYSE:FBK) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The firm had revenue of $116.43 million during the quarter, compared to analysts’ expectations of $121.58 million. FB Financial had a net margin of 14.90% and a return on equity of 10.20%. During the same quarter last year, the company posted $0.85 earnings per share. On average, equities research analysts forecast that FB Financial will post 2.84 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder James W. Ayers bought 2,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were purchased at an average cost of $38.20 per share, with a total value of $76,400.00. Following the acquisition, the insider now directly owns 10,881,841 shares in the company, valued at $415,686,326.20. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder James W. Ayers bought 3,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were purchased at an average cost of $35.91 per share, with a total value of $107,730.00. Following the acquisition, the insider now directly owns 10,884,841 shares in the company, valued at $390,874,640.31. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder James W. Ayers bought 2,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was purchased at an average cost of $38.20 per share, for a total transaction of $76,400.00. Following the completion of the acquisition, the insider now owns 10,881,841 shares in the company, valued at $415,686,326.20. The disclosure for this purchase can be found here. Insiders acquired 7,000 shares of company stock worth $256,830 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FB Financial

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of FB Financial by 1.3% during the 2nd quarter. BlackRock Inc. now owns 6,297,375 shares of the financial services provider’s stock valued at $176,641,000 after purchasing an additional 78,805 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of FB Financial by 7.2% during 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. grew its holdings in shares of FB Financial by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 2,454,601 shares of the financial services provider’s stock valued at $97,816,000 after purchasing an additional 49,313 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of FB Financial by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,759,024 shares of the financial services provider’s stock valued at $70,099,000 after purchasing an additional 40,394 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in shares of FB Financial by 17.7% during 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. 65.40% of the stock is owned by institutional investors.

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.