FB Financial Co. (NYSE:FBK) Receives $39.43 Consensus Price Target from Analysts

Shares of FB Financial Co. (NYSE:FBK) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $39.43.

FBK has been the topic of a number of recent research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $38.00 target price on shares of FB Financial in a research note on Wednesday, April 17th. StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Hovde Group raised shares of FB Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $40.50 in a report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of FB Financial from $41.00 to $43.00 and gave the stock an “underweight” rating in a report on Wednesday, April 17th. Finally, Piper Sandler raised shares of FB Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $38.00 to $41.00 in a report on Tuesday, April 16th.

Hedge Funds Weigh In On FB Financial

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in shares of FB Financial by 975.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 11,243 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 10,198 shares during the period. Richard Bernstein Advisors LLC acquired a new position in shares of FB Financial in the 3rd quarter valued at $2,770,000. Illinois Municipal Retirement Fund acquired a new position in shares of FB Financial in the 3rd quarter valued at $602,000. Earnest Partners LLC increased its holdings in shares of FB Financial by 6.6% in the 3rd quarter. Earnest Partners LLC now owns 557,913 shares of the financial services provider’s stock valued at $15,822,000 after acquiring an additional 34,601 shares during the period. Finally, Wakefield Asset Management LLLP grew its position in FB Financial by 10.7% in the 4th quarter. Wakefield Asset Management LLLP now owns 25,281 shares of the financial services provider’s stock valued at $1,007,000 after buying an additional 2,447 shares during the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

FB Financial Stock Performance

FBK stock opened at $38.15 on Thursday. The company’s 50 day moving average price is $37.03 and its 200 day moving average price is $36.68. FB Financial has a fifty-two week low of $26.43 and a fifty-two week high of $41.00. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 16.03 and a beta of 1.12.

FB Financial (NYSE:FBK) last released its earnings results on Monday, April 15th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.15. FB Financial had a net margin of 14.90% and a return on equity of 10.20%. The firm had revenue of $107.45 million for the quarter, compared to analyst estimates of $119.84 million. Equities analysts forecast that FB Financial will post 3.11 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a $0.17 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.78%. FB Financial’s payout ratio is 28.57%.

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.