FB Financial (NYSE:FBK) Cut to Sell at StockNews.com

FB Financial (NYSE:FBK - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Friday.

FBK has been the topic of several other reports. Hovde Group lifted their price target on FB Financial from $52.50 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Stephens restated 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 upped their target price on shares of FB Financial from $48.00 to $50.00 and gave the company a "market perform" rating in a research note on Wednesday, October 16th. Finally, Piper Sandler downgraded shares of 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 report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $47.80.

FB Financial Price Performance

Shares of NYSE FBK traded up $1.48 during trading hours on Friday, hitting $55.80. 235,559 shares of the stock were exchanged, compared to its average volume of 148,932. The firm has a market capitalization of $2.62 billion, a P/E ratio of 24.37 and a beta of 1.12. FB Financial has a one year low of $30.01 and a one year high of $56.70. The company's 50 day moving average is $47.84 and its 200 day moving average is $43.10.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The company had revenue of $169.13 million during the quarter, compared to analysts' expectations 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 in the prior year, the company earned $0.71 earnings per share. Research analysts anticipate that FB Financial will post 3.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FB Financial news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were acquired at an average price of $48.17 per share, with a total value of $96,340.00. Following the completion of the purchase, the insider now directly owns 10,894,341 shares in the company, valued at $524,780,405.97. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder James W. Ayers acquired 500 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was purchased at an average cost of $51.00 per share, for a total transaction of $25,500.00. Following the completion of the purchase, the insider now directly owns 10,906,841 shares of the company's stock, valued at $556,248,891. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction dated Monday, October 21st. The stock was purchased at an average price of $48.17 per share, for a total transaction of $96,340.00. Following the purchase, the insider now directly owns 10,894,341 shares in the company, valued at $524,780,405.97. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 10,000 shares of company stock worth $489,910 over the last 90 days. Corporate insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On FB Financial

A number of hedge funds have recently made changes to their positions in FBK. nVerses Capital LLC bought a new stake in FB Financial during the third quarter worth about $84,000. Entropy Technologies LP acquired a new position in shares of FB Financial in the 3rd quarter worth approximately $202,000. SG Americas Securities LLC bought a new stake in FB Financial during the 1st quarter worth approximately $165,000. Renaissance Technologies LLC bought a new stake in FB Financial during the 2nd quarter worth approximately $217,000. Finally, ProShare Advisors LLC increased its holdings in 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 purchasing an additional 494 shares in the last quarter. Institutional investors and hedge funds 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.