FB Financial Co. (NYSE:FBK) Receives $55.40 Consensus Target Price from Analysts

FB Financial Co. (NYSE:FBK - Get Free Report) has been assigned an average recommendation of "Hold" from the five analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $55.40.

Several equities research analysts have weighed in on the stock. Hovde Group upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and cut their target price for the stock from $60.00 to $59.00 in a report on Tuesday, April 1st. Stephens reduced their target price on FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. StockNews.com raised FB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler lifted their price objective on FB Financial from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd.

FB Financial Stock Down 5.4 %

Shares of FB Financial stock traded down $2.31 during trading on Friday, reaching $40.82. 297,437 shares of the company were exchanged, compared to its average volume of 163,466. FB Financial has a twelve month low of $33.35 and a twelve month high of $58.88. The business has a 50-day moving average price of $47.84 and a 200-day moving average price of $50.44. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 16.53 and a beta of 0.92.

FB Financial (NYSE:FBK - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. On average, equities research analysts forecast that FB Financial will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were paid a $0.19 dividend. This is an increase from FB Financial's previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, February 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.86%. FB Financial's dividend payout ratio (DPR) is currently 30.77%.

Insider Transactions at FB Financial

In other FB Financial news, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $52.56 per share, for a total transaction of $105,120.00. Following the completion of the acquisition, the insider now owns 10,919,841 shares of the company's stock, valued at $573,946,842.96. This trade represents a 0.02 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought 10,000 shares of company stock valued at $506,860 over the last three months. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On FB Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of FB Financial by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider's stock valued at $17,521,000 after acquiring an additional 14,797 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in FB Financial by 7.3% during the third quarter. The Manufacturers Life Insurance Company now owns 19,284 shares of the financial services provider's stock valued at $905,000 after purchasing an additional 1,317 shares during the last quarter. FMR LLC grew its stake in FB Financial by 42.0% in the third quarter. FMR LLC now owns 7,129 shares of the financial services provider's stock valued at $335,000 after purchasing an additional 2,109 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of FB Financial by 27.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,760 shares of the financial services provider's stock worth $458,000 after purchasing an additional 2,090 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of FB Financial by 1.9% during the 3rd quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider's stock worth $1,611,000 after purchasing an additional 631 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

FB Financial Company Profile

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.