FBK has been the subject of a number of other research reports. Zacks Investment Research cut FB Financial from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 13th. TheStreet raised FB Financial from a “c+” rating to a “b” rating in a report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $41.25.
FBK traded down $0.05 on Wednesday, reaching $36.04. The stock had a trading volume of 37,700 shares, compared to its average volume of 66,131. FB Financial has a fifty-two week low of $30.33 and a fifty-two week high of $44.69. The company has a quick ratio of 0.86, a current ratio of 0.92 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.10 billion, a PE ratio of 13.81 and a beta of 0.97.
Several hedge funds have recently modified their holdings of FBK. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of FB Financial by 158.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,133 shares of the financial services provider’s stock valued at $40,000 after buying an additional 694 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of FB Financial in the first quarter valued at about $44,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of FB Financial in the fourth quarter valued at about $93,000. Great West Life Assurance Co. Can boosted its position in shares of FB Financial by 249.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,796 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,996 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of FB Financial by 68,000.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,405 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 3,400 shares in the last quarter. 52.83% of the stock is owned by institutional investors.
About FB Financial
FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.
Featured Article: Sell-Side Analysts
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for FB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FB Financial and related companies with MarketBeat.com's FREE daily email newsletter.