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

FB Financial Co. (NYSE:FBK - Get Free Report) has received a consensus rating of "Hold" from the five brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $50.20.

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

FB Financial Stock Up 0.3 %

FBK opened at $52.41 on Tuesday. The company has a 50 day moving average of $53.88 and a two-hundred day moving average of $48.94. FB Financial has a 52-week low of $33.35 and a 52-week high of $58.88. The company has a market cap of $2.45 billion, a P/E ratio of 22.89 and a beta of 1.16.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. Research analysts anticipate that FB Financial will post 3.38 earnings per share for the current year.

FB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial's dividend payout ratio (DPR) is currently 29.69%.

Insider Transactions at FB Financial

In other news, major shareholder James W. Ayers acquired 2,000 shares of the business's stock in a transaction on Friday, October 25th. The shares were purchased at an average price of $48.13 per share, for a total transaction of $96,260.00. Following the completion of the purchase, the insider now directly owns 10,902,341 shares of the company's stock, valued at $524,729,672.33. This represents a 0.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 54,078 shares in the company, valued at approximately $3,148,421.16. This represents a 8.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 17,500 shares of company stock valued at $891,710. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FB Financial

Several institutional investors and hedge funds have recently made changes to their positions in FBK. Point72 Asset Management L.P. acquired a new stake in FB Financial during the third quarter worth about $47,000. GAMMA Investing LLC grew its holdings in shares of FB Financial by 45.2% during the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 314 shares during the last quarter. nVerses Capital LLC bought a new position in shares of FB Financial during the third quarter valued at approximately $84,000. Point72 DIFC Ltd acquired a new stake in shares of FB Financial during the 3rd quarter worth approximately $110,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of FB Financial in the 3rd quarter worth approximately $124,000. 65.40% of the stock is owned by institutional investors and hedge funds.

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.