FB Financial (NYSE:FBK) Lifted to Overweight at Stephens

Stephens upgraded shares of FB Financial (NYSE:FBK) from an equal weight rating to an overweight rating in a report released on Tuesday morning, Benzinga reports. Stephens currently has $42.00 price objective on the financial services provider’s stock.

Several other research firms also recently weighed in on FBK. Zacks Investment Research upgraded FirstService from a strong sell rating to a hold rating and set a $110.00 target price on the stock in a research report on Tuesday, June 25th. ValuEngine downgraded Welbilt from a hold rating to a sell rating in a research report on Wednesday, June 12th. Finally, TheStreet downgraded Tribune Publishing from a c- rating to a d+ rating in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. FB Financial has an average rating of Buy and an average price target of $41.75.

FBK opened at $36.77 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.86 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 14.09 and a beta of 0.94. FB Financial has a 52 week low of $30.33 and a 52 week high of $44.69. The firm’s fifty day moving average is $35.78.



FB Financial (NYSE:FBK) last posted its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $82.06 million for the quarter, compared to analyst estimates of $80.29 million. FB Financial had a return on equity of 12.44% and a net margin of 21.24%. On average, research analysts forecast that FB Financial will post 2.85 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in FBK. Rhumbline Advisers grew its stake in shares of FB Financial by 53.5% in the 4th quarter. Rhumbline Advisers now owns 21,866 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 7,617 shares during the period. First Trust Advisors LP grew its stake in shares of FB Financial by 154.6% in the 4th quarter. First Trust Advisors LP now owns 38,482 shares of the financial services provider’s stock valued at $1,348,000 after purchasing an additional 23,368 shares during the period. BlackRock Inc. grew its stake in shares of FB Financial by 2.6% in the 4th quarter. BlackRock Inc. now owns 1,134,450 shares of the financial services provider’s stock valued at $39,730,000 after purchasing an additional 29,068 shares during the period. Bank of New York Mellon Corp grew its stake in shares of FB Financial by 29.7% in the 4th quarter. Bank of New York Mellon Corp now owns 99,883 shares of the financial services provider’s stock valued at $3,498,000 after purchasing an additional 22,886 shares during the period. Finally, Citigroup Inc. grew its stake in shares of FB Financial by 42.9% in the 4th quarter. Citigroup Inc. now owns 9,409 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 2,826 shares during the period. Institutional investors own 52.83% 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 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.

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