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

Shares of FB Financial Corporation (NYSE:FBK) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $61.20.

A number of analysts have weighed in on FBK shares. Weiss Ratings upgraded FB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Piper Sandler downgraded FB Financial from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $63.00 to $65.00 in a research note on Friday, January 23rd.

FB Financial Stock Performance

NYSE:FBK opened at $51.12 on Friday. The firm’s fifty day moving average is $56.09 and its 200-day moving average is $55.96. FB Financial has a 52 week low of $38.83 and a 52 week high of $62.37. The firm has a market cap of $2.65 billion, a P/E ratio of 21.30 and a beta of 0.99.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.02. The company had revenue of $178.36 million during the quarter, compared to analysts’ expectations of $176.30 million. FB Financial had a net margin of 13.07% and a return on equity of 11.21%. During the same period in the prior year, the company posted $0.85 earnings per share. As a group, sell-side analysts anticipate that FB Financial will post 3.64 earnings per share for the current year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.6%. This is a boost from FB Financial’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, February 10th. FB Financial’s payout ratio is presently 35.00%.

Insider Activity

In other FB Financial news, major shareholder James Austin Mcpherson sold 8,500 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $60.06, for a total transaction of $510,510.00. Following the transaction, the insider directly owned 9,484 shares in the company, valued at approximately $569,609.04. This represents a 47.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Institutional Trading of FB Financial

Several hedge funds have recently modified their holdings of the stock. Investors Research Corp bought a new position in FB Financial during the third quarter worth $26,000. UMB Bank n.a. raised its holdings in shares of FB Financial by 155.9% during the third quarter. UMB Bank n.a. now owns 481 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 293 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of FB Financial during the fourth quarter valued at about $27,000. Assetmark Inc. bought a new position in shares of FB Financial during the 4th quarter worth about $30,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of FB Financial during the 3rd quarter worth about $31,000. Institutional investors own 65.40% of the company’s stock.

About FB Financial

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company’s core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial’s service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.