FB Financial Corp (FBK) Receives $41.80 Consensus PT from Brokerages

Shares of FB Financial Corp (NYSE:FBK) have received a consensus recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $41.80.

A number of research firms recently commented on FBK. Zacks Investment Research upgraded shares of FB Financial from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Friday, January 4th. Stephens reiterated a “hold” rating and set a $40.00 price target on shares of FB Financial in a report on Wednesday, December 19th. SunTrust Banks began coverage on shares of FB Financial in a report on Tuesday, December 11th. They set a “buy” rating and a $43.00 price target for the company. ValuEngine upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Finally, Raymond James lowered their price target on shares of FB Financial from $47.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, October 24th.

Shares of FBK opened at $36.50 on Friday. The company has a market capitalization of $1.11 billion, a PE ratio of 17.06 and a beta of 1.26. FB Financial has a fifty-two week low of $32.66 and a fifty-two week high of $45.43.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). FB Financial had a net margin of 23.18% and a return on equity of 13.41%. The firm had revenue of $87.11 million for the quarter, compared to the consensus estimate of $84.58 million. On average, research analysts predict that FB Financial will post 2.73 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Legal & General Group Plc increased its position in FB Financial by 25.3% during the 3rd quarter. Legal & General Group Plc now owns 2,747 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 555 shares during the period. Tower Research Capital LLC TRC increased its position in FB Financial by 650.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,344 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 3,765 shares during the period. Capital Fund Management S.A. increased its position in FB Financial by 48.1% during the 2nd quarter. Capital Fund Management S.A. now owns 7,700 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 2,500 shares during the period. MetLife Investment Advisors LLC increased its position in FB Financial by 66.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 10,681 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 4,270 shares during the period. Finally, American International Group Inc. increased its position in FB Financial by 26.9% during the 3rd quarter. American International Group Inc. now owns 10,854 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 2,300 shares during the period. 53.36% of the stock is currently owned by institutional investors and hedge funds.

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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