FB Financial Co. (NYSE:FBK) Given Consensus Rating of “Hold” by Brokerages

Shares of FB Financial Co. (NYSE:FBK) have been given an average rating of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.43.

FBK has been the subject of a number of research analyst reports. Stephens dropped 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 report on Wednesday, January 17th. StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Hovde Group raised shares of FB Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $40.50 in a research report on Tuesday, April 16th. Piper Sandler raised shares of FB Financial from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $41.00 in a research report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of FB Financial in a research report on Wednesday.

Insider Activity

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

Hedge Funds Weigh In On FB Financial

Several large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC lifted its stake in FB Financial by 0.7% during the second quarter. Citadel Advisors LLC now owns 35,129 shares of the financial services provider’s stock worth $1,378,000 after purchasing an additional 249 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in FB Financial by 1.1% during the fourth quarter. SummerHaven Investment Management LLC now owns 25,229 shares of the financial services provider’s stock worth $1,005,000 after purchasing an additional 278 shares during the last quarter. American International Group Inc. lifted its stake in FB Financial by 1.6% during the second quarter. American International Group Inc. now owns 19,580 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 314 shares during the last quarter. Mariner LLC lifted its stake in FB Financial by 1.6% during the third quarter. Mariner LLC now owns 20,087 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 323 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in FB Financial by 15.2% in the second quarter. Osaic Holdings Inc. now owns 2,969 shares of the financial services provider’s stock worth $83,000 after buying an additional 392 shares during the period. 65.40% of the stock is currently owned by institutional investors.

FB Financial Stock Performance

FBK opened at $36.41 on Friday. The firm has a 50 day moving average price of $35.96 and a 200 day moving average price of $35.23. The company has a market cap of $1.71 billion, a PE ratio of 15.30 and a beta of 1.15. FB Financial has a 1 year low of $24.34 and a 1 year high of $41.00.

FB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were paid a dividend of $0.17 per share. This is a boost from FB Financial’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, February 12th. FB Financial’s dividend payout ratio is 28.57%.

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.