FB Financial (NYSE:FBK) Raised to Hold at StockNews.com

FB Financial (NYSE:FBK) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other brokerages have also recently issued reports on FBK. Keefe, Bruyette & Woods boosted their target price on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.20.

FB Financial Price Performance

Shares of NYSE FBK opened at $52.38 on Wednesday. The stock has a market capitalization of $2.44 billion, a PE ratio of 21.21 and a beta of 1.16. FB Financial has a one year low of $33.35 and a one year high of $58.88. The business’s fifty day moving average price is $53.63 and its 200-day moving average price is $49.18.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.52%. As a group, equities analysts expect that FB Financial will post 3.5 EPS for the current fiscal year.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of $50.29 per share, with a total value of $100,580.00. Following the completion of the purchase, the insider now owns 10,904,341 shares in the company, valued at $548,379,308.89. This trade represents a 0.02 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James W. Iv Cross sold 5,000 shares of FB Financial stock in a transaction on Monday, November 11th. The stock was sold at an average price of $58.22, for a total transaction of $291,100.00. Following the completion of the transaction, the director now directly owns 54,078 shares in the company, valued at approximately $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 13,500 shares of company stock worth $698,590 over the last three months. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On FB Financial

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted 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 worth $52,000 after purchasing an additional 314 shares during the period. Albert D Mason Inc. lifted its holdings in FB Financial by 1.5% in the 4th quarter. Albert D Mason Inc. now owns 23,474 shares of the financial services provider’s stock worth $1,209,000 after buying an additional 346 shares during the period. Stifel Financial Corp grew its position in shares of FB Financial by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock worth $3,786,000 after buying an additional 356 shares during the last quarter. KBC Group NV increased its stake in shares of FB Financial by 36.2% during the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock valued at $108,000 after buying an additional 555 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of FB Financial by 1.9% during the third quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock valued at $1,611,000 after acquiring an additional 631 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

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.