FB Financial Co. (NYSE:FBK) Given Average Recommendation of "Hold" by Analysts

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

A number of equities analysts have commented on the stock. StockNews.com cut shares of FB Financial from a "hold" rating to a "sell" rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods lifted their target price on shares of FB Financial from $50.00 to $58.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Hovde Group lowered shares of FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 price target on the stock. in a research note on Monday, November 18th.

Insider Buying and Selling

In related news, major shareholder James W. Ayers acquired 2,000 shares of the company's stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $51.86 per share, with a total value of $103,720.00. Following the acquisition, the insider now directly owns 10,911,841 shares of the company's stock, valued at approximately $565,888,074.26. The trade was a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the sale, the director now directly owns 54,078 shares in the company, valued at approximately $3,148,421.16. This trade represents a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 15,000 shares of company stock valued at $762,180. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On FB Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of FB Financial by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider's stock worth $75,623,000 after buying an additional 106,553 shares in the last quarter. Wasatch Advisors LP grew its position in FB Financial by 4.7% in the third quarter. Wasatch Advisors LP now owns 1,225,838 shares of the financial services provider's stock valued at $57,529,000 after acquiring an additional 55,071 shares during the last quarter. Geode Capital Management LLC grew its position in FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider's stock valued at $38,272,000 after acquiring an additional 7,021 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in FB Financial by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider's stock worth $17,521,000 after acquiring an additional 14,797 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of FB Financial by 7.4% in 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 acquiring an additional 15,739 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

FB Financial Price Performance

FBK stock traded down $0.86 during trading hours on Friday, reaching $51.69. The stock had a trading volume of 107,136 shares, compared to its average volume of 148,714. The stock has a 50-day simple moving average of $53.59 and a 200 day simple moving average of $47.21. FB Financial has a fifty-two week low of $33.35 and a fifty-two week high of $58.88. The stock has a market capitalization of $2.41 billion, a PE ratio of 22.57 and a beta of 1.15.

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

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. FB Financial's dividend payout ratio (DPR) is presently 29.69%.

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.