Analysts Set FB Financial Corporation (NYSE:FBK) PT at $58.80

Shares of FB Financial Corporation (NYSE:FBK) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $58.80.

Several equities research analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of FB Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $61.00 target price on the stock. Keefe, Bruyette & Woods raised shares of FB Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $52.00 to $58.00 in a research report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FB Financial in a research report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, July 18th.

FB Financial Price Performance

Shares of NYSE FBK opened at $58.89 on Friday. The company’s 50 day simple moving average is $52.64 and its 200 day simple moving average is $47.44. FB Financial has a fifty-two week low of $38.83 and a fifty-two week high of $60.51. The firm has a market capitalization of $3.17 billion, a P/E ratio of 30.52 and a beta of 0.91.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Monday, July 14th. The financial services provider reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.01). FB Financial had a net margin of 11.46% and a return on equity of 10.15%. The business had revenue of $76.86 million during the quarter, compared to analyst estimates of $136.32 million. Sell-side analysts expect that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 12th. FB Financial’s dividend payout ratio (DPR) is currently 39.38%.

Institutional Trading of FB Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nuveen LLC bought a new stake in shares of FB Financial during the 1st quarter valued at approximately $39,275,000. Qube Research & Technologies Ltd lifted its position in shares of FB Financial by 61.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 315,557 shares of the financial services provider’s stock worth $14,295,000 after purchasing an additional 120,561 shares during the period. Invesco Ltd. lifted its position in shares of FB Financial by 93.9% during the 1st quarter. Invesco Ltd. now owns 204,118 shares of the financial services provider’s stock valued at $9,463,000 after acquiring an additional 98,843 shares during the period. Marshall Wace LLP grew its stake in shares of FB Financial by 130.8% in the 2nd quarter. Marshall Wace LLP now owns 140,889 shares of the financial services provider’s stock valued at $6,382,000 after buying an additional 79,841 shares during the period. Finally, State Street Corp grew its stake in shares of FB Financial by 4.9% in the 2nd quarter. State Street Corp now owns 1,621,116 shares of the financial services provider’s stock valued at $73,437,000 after buying an additional 75,951 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.

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.