Shares of FB Financial Corporation (NYSE:FBK – Get Free Report) have earned an average recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $64.6667.
FBK has been the subject of several recent analyst reports. Hovde Group decreased their target price on FB Financial from $66.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Raymond James Financial upped their price target on FB Financial from $62.00 to $63.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b-)” rating on shares of FB Financial in a research report on Monday, July 20th. Cantor Fitzgerald set a $65.00 target price on FB Financial in a report on Wednesday, April 15th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of FB Financial in a research report on Tuesday, July 14th.
Read Our Latest Stock Report on FBK
Institutional Investors Weigh In On FB Financial
FB Financial Stock Performance
FB Financial stock opened at $60.34 on Friday. FB Financial has a 52 week low of $46.95 and a 52 week high of $62.37. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 16.18 and a beta of 0.95. The company has a 50 day moving average price of $55.80 and a 200 day moving average price of $55.41.
FB Financial (NYSE:FBK – Get Free Report) last announced its earnings results on Monday, July 13th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.14. The company had revenue of $175.94 million for the quarter, compared to the consensus estimate of $177.45 million. FB Financial had a net margin of 19.00% and a return on equity of 12.08%. Equities analysts forecast that FB Financial will post 4.67 earnings per share for the current fiscal year.
FB Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, August 11th. FB Financial’s dividend payout ratio is currently 22.52%.
FB Financial declared that its board has authorized a stock buyback plan on Monday, April 27th that authorizes the company to repurchase $175.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 6.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
FB Financial Company Profile
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.
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