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.
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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