FB Financial Co. (NYSE:FBK) Receives $50.20 Consensus Target Price from Analysts

Shares of FB Financial Co. (NYSE:FBK - Get Free Report) have been assigned an average rating of "Hold" from the five analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $50.20.

A number of analysts have weighed in on FBK shares. Keefe, Bruyette & Woods raised their target price on shares of FB Financial from $50.00 to $58.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Hovde Group downgraded FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 price objective on the stock. in a report on Monday, November 18th. Finally, StockNews.com raised FB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd.

FB Financial Price Performance

NYSE:FBK traded up $0.11 during mid-day trading on Friday, reaching $52.07. The stock had a trading volume of 6,093 shares, compared to its average volume of 145,770. The stock has a 50-day simple moving average of $52.43 and a two-hundred day simple moving average of $50.25. FB Financial has a 12 month low of $33.35 and a 12 month high of $58.88. The stock has a market capitalization of $2.43 billion, a PE ratio of 21.14 and a beta of 1.15.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, beating 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%. Equities analysts expect that FB Financial will post 3.64 EPS for the current year.

FB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This is an increase from FB Financial's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.46%. FB Financial's dividend payout ratio (DPR) is 27.53%.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $51.86 per share, for a total transaction of $103,720.00. Following the purchase, the insider now owns 10,911,841 shares in the company, valued at $565,888,074.26. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 14,000 shares of company stock valued at $716,880 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of FB Financial

Several institutional investors and hedge funds have recently modified their holdings of FBK. Creative Planning lifted its position in FB Financial by 4.6% during the third quarter. Creative Planning now owns 26,308 shares of the financial services provider's stock valued at $1,235,000 after purchasing an additional 1,149 shares during the last quarter. nVerses Capital LLC purchased a new position in FB Financial in the third quarter worth $84,000. Raymond James & Associates raised its position in FB Financial by 5.0% during the third quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider's stock valued at $6,080,000 after purchasing an additional 6,183 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in FB Financial by 7.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider's stock worth $10,786,000 after purchasing an additional 15,739 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of FB Financial in the 3rd quarter worth about $1,935,000. Hedge funds and other institutional investors own 65.40% of the company's stock.

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.