FB Financial Corporation (FBK) Receives $42.33 Consensus Target Price from Brokerages

Shares of FB Financial Corporation (NYSE:FBK) have received an average recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $42.33.

A number of brokerages have weighed in on FBK. Sandler O’Neill upgraded FB Financial Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $37.00 to $39.00 in a research note on Tuesday, August 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 target price on shares of FB Financial Corporation in a research note on Thursday, August 3rd. Stephens restated a “buy” rating and issued a $40.00 target price on shares of FB Financial Corporation in a research note on Monday, July 31st. UBS AG upped their target price on FB Financial Corporation from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Raymond James Financial, Inc. began coverage on FB Financial Corporation in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $41.00 target price on the stock.

Shares of FB Financial Corporation (NYSE FBK) traded up $0.07 during midday trading on Friday, reaching $39.15. The company’s stock had a trading volume of 80,800 shares, compared to its average volume of 76,641. The company has a market cap of $1,192.98, a price-to-earnings ratio of 20.14 and a beta of 2.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.77. FB Financial Corporation has a fifty-two week low of $22.01 and a fifty-two week high of $41.97.

FB Financial Corporation (NYSE:FBK) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.13. The business had revenue of $81.43 million for the quarter, compared to analyst estimates of $76.35 million. FB Financial Corporation had a return on equity of 13.25% and a net margin of 13.61%. sell-side analysts expect that FB Financial Corporation will post 1.96 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in shares of FB Financial Corporation by 70.9% in the 3rd quarter. Legal & General Group Plc now owns 3,195 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,326 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of FB Financial Corporation by 78.1% in the 2nd quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,732 shares in the last quarter. American International Group Inc. purchased a new position in shares of FB Financial Corporation in the 1st quarter worth about $144,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of FB Financial Corporation in the 1st quarter worth about $179,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of FB Financial Corporation in the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 32.28% of the company’s stock.

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About FB Financial Corporation

FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.

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