FB Financial’s (FBK) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of FB Financial (NYSE:FBK) in a research note released on Wednesday morning,Benzinga reports. They currently have a $65.00 target price on the financial services provider’s stock.

Other analysts have also issued research reports about the company. Weiss Ratings raised FB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of FB Financial in a research report on Tuesday, July 14th. Raymond James Financial lifted their price target on shares of FB Financial from $62.00 to $63.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 1st. Finally, Benchmark lifted their price target on shares of FB Financial from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $64.43.

FB Financial Trading Up 0.2%

FBK opened at $51.58 on Wednesday. The stock has a market capitalization of $2.58 billion, a P/E ratio of 11.12 and a beta of 0.98. The stock has a 50-day moving average price of $55.47 and a 200-day moving average price of $55.27. FB Financial has a 12-month low of $49.24 and a 12-month high of $62.65.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The company had revenue of $175.62 million for the quarter, compared to analysts’ expectations of $181.56 million. FB Financial had a return on equity of 12.32% and a net margin of 22.62%. On average, equities research analysts predict that FB Financial will post 4.65 EPS for the current year.

FB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 11th. FB Financial’s payout ratio is 18.67%.

Institutional Investors Weigh In On FB Financial

Institutional investors have recently bought and sold shares of the stock. Simplicity Wealth LLC increased its stake in FB Financial by 1.2% in the 1st quarter. Simplicity Wealth LLC now owns 16,197 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 190 shares during the period. GAMMA Investing LLC lifted its position in FB Financial by 9.2% in the third quarter. GAMMA Investing LLC now owns 2,562 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 216 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of FB Financial by 1.2% during the first quarter. The Manufacturers Life Insurance Company now owns 20,048 shares of the financial services provider’s stock valued at $1,041,000 after purchasing an additional 235 shares during the period. Arizona State Retirement System boosted its stake in shares of FB Financial by 3.4% during the second quarter. Arizona State Retirement System now owns 12,159 shares of the financial services provider’s stock valued at $673,000 after purchasing an additional 395 shares during the period. Finally, Toth Financial Advisory Corp boosted its stake in shares of FB Financial by 4.3% during the second quarter. Toth Financial Advisory Corp now owns 9,695 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 400 shares during the period. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

FB Financial Company Profile

FB Financial Corporation is a bank holding company headquartered in Nashville, Tennessee. Its principal subsidiary, FirstBank, provides banking and financial services to individuals, businesses and institutions through a regional branch network and digital banking channels.

FirstBank’s offerings include personal and business deposit accounts, residential and commercial real estate lending, consumer loans, commercial and industrial financing, treasury management, wealth management and mortgage banking services.