FB Financial Co. (NYSE:FBK) Given Average Rating of "Hold" by Brokerages

Shares of FB Financial Co. (NYSE:FBK - Get Free Report) have been assigned an average recommendation of "Hold" from the five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $47.80.

Several research analysts have recently issued reports on FBK shares. Hovde Group raised their target price on shares of FB Financial from $52.50 to $56.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Stephens reaffirmed an "overweight" rating and issued a $45.00 price objective on shares of FB Financial in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods lifted their target price on shares of FB Financial from $48.00 to $50.00 and gave the stock a "market perform" rating in a report on Wednesday, October 16th. Piper Sandler downgraded FB Financial from an "overweight" rating to a "neutral" rating and increased their price target for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Finally, StockNews.com lowered FB Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th.

FB Financial Price Performance

Shares of NYSE FBK traded down $2.05 during trading hours on Thursday, reaching $54.30. The stock had a trading volume of 354,425 shares, compared to its average volume of 148,275. FB Financial has a twelve month low of $30.01 and a twelve month high of $56.70. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 23.71 and a beta of 1.12. The business's fifty day moving average is $47.68 and its two-hundred day moving average is $42.97.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. The firm had revenue of $169.13 million during the quarter, compared to analysts' expectations of $127.44 million. During the same period last year, the firm posted $0.71 EPS. Sell-side analysts forecast that FB Financial will post 3.38 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be given a $0.17 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.25%. FB Financial's dividend payout ratio is currently 29.69%.

Insider Buying and Selling

In other FB Financial news, major shareholder James W. Ayers acquired 2,000 shares of the stock in a transaction dated Friday, October 25th. The shares were bought at an average cost of $48.13 per share, for a total transaction of $96,260.00. Following the completion of the acquisition, the insider now directly owns 10,902,341 shares of the company's stock, valued at approximately $524,729,672.33. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder James W. Ayers bought 500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of $51.00 per share, for a total transaction of $25,500.00. Following the purchase, the insider now owns 10,906,841 shares of the company's stock, valued at approximately $556,248,891. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction on Friday, October 25th. The shares were acquired at an average cost of $48.13 per share, for a total transaction of $96,260.00. Following the transaction, the insider now owns 10,902,341 shares of the company's stock, valued at approximately $524,729,672.33. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 10,000 shares of company stock valued at $489,910. Company insiders own 1.70% of the company's stock.

Institutional Trading of FB Financial

A number of hedge funds have recently made changes to their positions in FBK. nVerses Capital LLC acquired a new position in shares of FB Financial during the 3rd quarter worth approximately $84,000. SG Americas Securities LLC acquired a new stake in FB Financial during the first quarter worth approximately $165,000. Entropy Technologies LP bought a new position in FB Financial during the 3rd quarter worth $202,000. Renaissance Technologies LLC acquired a new position in FB Financial in the 2nd quarter valued at $217,000. Finally, ProShare Advisors LLC lifted its position in shares of FB Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider's stock valued at $269,000 after acquiring an additional 494 shares during the period. 65.40% of the stock is 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.