FB Financial Co. (NYSE:FBK) Receives $48.60 Consensus Target Price from Analysts

Shares of FB Financial Co. (NYSE:FBK) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $50.20.

Several brokerages have recently issued reports on FBK. StockNews.com downgraded FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research report on Monday, November 18th. Finally, Keefe, Bruyette & Woods upped their price target on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

FB Financial Stock Performance

Shares of NYSE FBK opened at $56.51 on Monday. The business has a 50 day simple moving average of $51.65 and a 200 day simple moving average of $45.68. FB Financial has a 52 week low of $33.35 and a 52 week high of $58.88. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 24.68 and a beta of 1.15.

FB Financial (NYSE:FBK) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. The company had revenue of $169.13 million during the quarter, compared to analysts’ expectations of $127.44 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. On average, analysts predict that FB Financial will post 3.38 EPS for the current year.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.20%. The ex-dividend date was Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is presently 29.69%.

Insiders Place Their Bets

In other news, Director James W. Iv Cross sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the sale, the director now owns 54,078 shares of the company’s stock, valued at approximately $3,148,421.16. This represents a 8.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James W. Ayers purchased 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average cost of $49.58 per share, with a total value of $74,370.00. Following the completion of the acquisition, the insider now directly owns 10,892,341 shares in the company, valued at $540,042,266.78. The trade was a 0.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 13,000 shares of company stock worth $658,460 over the last quarter. Company insiders own 1.70% of the company’s stock.

Institutional Trading of FB Financial

Several large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in FB Financial by 103.7% in the third quarter. Franklin Resources Inc. now owns 42,182 shares of the financial services provider’s stock worth $2,013,000 after purchasing an additional 21,475 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock valued at $38,272,000 after buying an additional 7,021 shares in the last quarter. Barclays PLC raised its holdings in shares of FB Financial by 58.3% in the third quarter. Barclays PLC now owns 94,062 shares of the financial services provider’s stock valued at $4,415,000 after buying an additional 34,633 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in FB Financial during the 3rd quarter worth about $346,000. Finally, Jane Street Group LLC grew its holdings in FB Financial by 120.6% during the 3rd quarter. Jane Street Group LLC now owns 71,487 shares of the financial services provider’s stock worth $3,355,000 after acquiring an additional 39,086 shares during the last quarter. 65.40% of the stock is owned by institutional investors.

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.