FB Financial Corporation (NYSE:FBK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of FB Financial Corporation (NYSE:FBK) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $58.80.

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of FB Financial in a report on Saturday, September 27th. Keefe, Bruyette & Woods upgraded FB Financial from a “market perform” rating to an “outperform” rating and raised their target price for the company from $52.00 to $58.00 in a research note on Friday, July 11th. Wall Street Zen downgraded FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Finally, Cantor Fitzgerald began coverage on FB Financial in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $61.00 target price for the company.

FB Financial Trading Up 2.7%

Shares of FB Financial stock opened at $58.35 on Friday. The business has a 50-day moving average price of $52.26 and a two-hundred day moving average price of $47.28. FB Financial has a 1-year low of $38.83 and a 1-year high of $58.88. The company has a market cap of $3.14 billion, a P/E ratio of 30.23 and a beta of 0.91.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Monday, July 14th. The financial services provider reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). FB Financial had a return on equity of 10.15% and a net margin of 11.46%.The business had revenue of $76.86 million for the quarter, compared to analyst estimates of $136.32 million. Equities research analysts forecast that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a $0.19 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. FB Financial’s dividend payout ratio (DPR) is currently 39.38%.

Institutional Trading of FB Financial

Several large investors have recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its stake in shares of FB Financial by 0.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 34,705 shares of the financial services provider’s stock valued at $1,609,000 after buying an additional 253 shares during the period. TBH Global Asset Management LLC boosted its stake in FB Financial by 5.3% during the 1st quarter. TBH Global Asset Management LLC now owns 5,790 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 290 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in FB Financial by 7.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 290 shares during the last quarter. GAMMA Investing LLC boosted its stake in FB Financial by 36.7% during the 1st quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 370 shares during the last quarter. Finally, Albert D Mason Inc. boosted its stake in FB Financial by 1.7% during the 1st quarter. Albert D Mason Inc. now owns 23,872 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 398 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

About FB Financial

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.