FB Financial Corporation (NYSE:FBK) Receives Average Recommendation of “Moderate Buy” from Analysts

FB Financial Corporation (NYSE:FBK) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $60.80.

A number of research analysts recently weighed in on FBK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FB Financial in a research note on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and set a $66.00 price objective (up previously from $61.00) on shares of FB Financial in a report on Thursday, October 16th. Piper Sandler increased their target price on FB Financial from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Wall Street Zen raised shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th.

Institutional Trading of FB Financial

Several institutional investors and hedge funds have recently modified their holdings of FBK. Deprince Race & Zollo Inc. bought a new position in FB Financial during the 3rd quarter valued at $48,674,000. Wellington Management Group LLP purchased a new stake in shares of FB Financial in the third quarter valued at about $35,534,000. Vanguard Group Inc. raised its holdings in shares of FB Financial by 19.5% in the third quarter. Vanguard Group Inc. now owns 2,957,794 shares of the financial services provider’s stock valued at $164,867,000 after purchasing an additional 483,191 shares during the last quarter. Leeward Investments LLC MA bought a new position in shares of FB Financial during the third quarter valued at about $20,680,000. Finally, CapWealth Advisors LLC boosted its holdings in FB Financial by 3,756.7% during the third quarter. CapWealth Advisors LLC now owns 331,752 shares of the financial services provider’s stock worth $18,492,000 after purchasing an additional 323,150 shares during the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.

FB Financial Stock Down 0.6%

FB Financial stock opened at $56.98 on Friday. The company has a market capitalization of $3.05 billion, a PE ratio of 26.63 and a beta of 0.99. FB Financial has a 12-month low of $38.83 and a 12-month high of $60.51. The firm’s fifty day moving average is $55.50 and its 200 day moving average is $51.76.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, February 15th. The financial services provider reported $1.14 EPS for the quarter. The business had revenue of $163.71 million during the quarter. FB Financial had a net margin of 11.73% and a return on equity of 10.56%. Sell-side analysts expect that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. FB Financial’s payout ratio is presently 35.51%.

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.