FB Financial Corp (FBK) Receives Average Recommendation of “Hold” from Analysts

FB Financial Corp (NYSE:FBK) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $42.33.

Several equities research analysts recently weighed in on FBK shares. Stephens reiterated a “buy” rating and issued a $47.00 target price on shares of FB Financial in a research note on Friday, July 13th. TheStreet upgraded shares of FB Financial from a “c” rating to a “b-” rating in a research note on Monday, September 17th. ValuEngine cut shares of FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Raymond James reduced their target price on shares of FB Financial from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th.

Shares of NYSE:FBK traded up $0.39 during midday trading on Friday, hitting $37.18. The company’s stock had a trading volume of 40,589 shares, compared to its average volume of 103,330. The company has a market cap of $1.14 billion, a P/E ratio of 17.37 and a beta of 1.28. FB Financial has a fifty-two week low of $33.12 and a fifty-two week high of $45.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 0.93.

FB Financial (NYSE:FBK) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). FB Financial had a net margin of 23.18% and a return on equity of 13.61%. The company had revenue of $87.11 million during the quarter, compared to the consensus estimate of $84.58 million. As a group, equities analysts predict that FB Financial will post 2.78 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, October 31st. This is a boost from FB Financial’s previous quarterly dividend of $0.06. FB Financial’s dividend payout ratio (DPR) is presently 14.95%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in FB Financial by 21.2% during the first quarter. Barclays PLC now owns 7,094 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 1,241 shares during the period. UBS Group AG lifted its stake in FB Financial by 41.3% during the first quarter. UBS Group AG now owns 6,245 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 1,824 shares during the period. JPMorgan Chase & Co. lifted its stake in FB Financial by 62.4% during the first quarter. JPMorgan Chase & Co. now owns 5,856 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 2,249 shares during the period. Mesirow Financial Investment Management Inc. lifted its stake in FB Financial by 33.3% during the second quarter. Mesirow Financial Investment Management Inc. now owns 9,794 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 2,448 shares during the period. Finally, Capital Fund Management S.A. lifted its stake in FB Financial by 48.1% during the second quarter. Capital Fund Management S.A. now owns 7,700 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 52.28% of the company’s stock.

About FB Financial

FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.

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