Shares of FB Financial Corporation (NYSE:FBK) have been assigned an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $36.67.
A number of equities analysts recently issued reports on the company. Sandler O’Neill raised FB Financial Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $39.00 in a report on Tuesday, August 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 price objective on shares of FB Financial Corporation in a research note on Thursday, August 3rd. Stephens reiterated a “buy” rating and issued a $40.00 price objective on shares of FB Financial Corporation in a research note on Monday, July 31st. UBS AG reiterated a “buy” rating and issued a $41.00 price objective (down previously from $44.00) on shares of FB Financial Corporation in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded FB Financial Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Friday, July 7th.
A number of large investors have recently modified their holdings of FBK. State Street Corp purchased a new stake in shares of FB Financial Corporation during the fourth quarter worth $1,643,000. Norges Bank purchased a new stake in shares of FB Financial Corporation during the fourth quarter worth $649,000. Teachers Advisors LLC purchased a new stake in shares of FB Financial Corporation during the fourth quarter worth $190,000. Wells Fargo & Company MN boosted its stake in shares of FB Financial Corporation by 14.8% in the first quarter. Wells Fargo & Company MN now owns 68,237 shares of the financial services provider’s stock worth $2,413,000 after buying an additional 8,774 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in shares of FB Financial Corporation during the first quarter worth $2,238,000. Institutional investors own 31.86% of the company’s stock.
Shares of FB Financial Corporation (NYSE:FBK) traded down 0.43% on Tuesday, reaching $34.53. 43,467 shares of the company were exchanged. The company’s 50-day moving average is $34.43 and its 200-day moving average is $34.39. The company has a market capitalization of $1.05 billion and a price-to-earnings ratio of 27.12. FB Financial Corporation has a 52 week low of $19.81 and a 52 week high of $38.59.
FB Financial Corporation (NYSE:FBK) last announced its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. The firm had revenue of $66.08 million during the quarter, compared to the consensus estimate of $65.99 million. FB Financial Corporation had a return on equity of 11.57% and a net margin of 11.57%. On average, equities analysts expect that FB Financial Corporation will post $1.90 EPS for the current fiscal year.
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About FB Financial Corporation
FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.
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