FB Financial (NYSE:FBK) Upgraded at StockNews.com

FB Financial (NYSE:FBK - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Wednesday.

Several other equities research analysts have also issued reports on FBK. Keefe, Bruyette & Woods raised 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. Hovde Group downgraded shares of FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 price objective for the company. in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $50.20.

FB Financial Trading Down 0.8 %

FBK traded down $0.43 during trading hours on Wednesday, hitting $53.13. The company's stock had a trading volume of 154,736 shares, compared to its average volume of 160,703. FB Financial has a 12 month low of $33.35 and a 12 month high of $58.88. The business's 50-day moving average price is $53.70 and its 200-day moving average price is $49.15. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 23.20 and a beta of 1.16.

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

Insider Transactions at FB Financial

In other news, Director James W. Iv Cross sold 5,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the sale, the director now owns 54,078 shares of the company's stock, valued at approximately $3,148,421.16. This represents a 8.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James W. Ayers acquired 2,000 shares of the business's stock in a transaction that occurred 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 completion of the acquisition, the insider now owns 10,902,341 shares of the company's stock, valued at $524,729,672.33. This trade represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 15,500 shares of company stock valued at $794,850. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FBK. Point72 Asset Management L.P. bought a new stake in FB Financial during the third quarter valued at about $47,000. GAMMA Investing LLC boosted its holdings in shares of FB Financial by 45.2% in the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock valued at $52,000 after buying an additional 314 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of FB Financial in the 3rd quarter worth approximately $84,000. KBC Group NV raised its stake in shares of FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock worth $108,000 after acquiring an additional 555 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in FB Financial during the third quarter valued at approximately $110,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

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.

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