FB Financial (NYSE:FBK) PT Raised to $44.00 at Stephens

FB Financial (NYSE:FBK) had its target price lifted by stock analysts at Stephens from $42.00 to $44.00 in a research note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Stephens’ price objective suggests a potential upside of 16.56% from the company’s current price.

FBK has been the topic of a number of other research reports. ValuEngine cut shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Raymond James lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $38.50 target price on the stock. in a report on Wednesday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Sandler O’Neill lowered shares of FB Financial from a “buy” rating to a “hold” rating in a report on Monday, December 9th. Finally, SunTrust Banks upped their target price on shares of FB Financial from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.50.

Shares of FBK stock traded down $0.15 on Wednesday, reaching $37.75. 2,712 shares of the company were exchanged, compared to its average volume of 81,833. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 14.25 and a beta of 0.96. The company has a 50-day moving average of $39.21 and a 200-day moving average of $37.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.92 and a quick ratio of 0.86. FB Financial has a one year low of $30.33 and a one year high of $40.33.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. The company had revenue of $92.93 million for the quarter, compared to analysts’ expectations of $89.13 million. FB Financial had a net margin of 20.05% and a return on equity of 12.43%. As a group, sell-side analysts predict that FB Financial will post 2.82 EPS for the current year.

In related news, Director James L. Exum sold 1,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $38.60, for a total value of $38,600.00. Corporate insiders own 45.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of FBK. Bank of America Corp DE raised its holdings in shares of FB Financial by 3,218.3% in the 2nd quarter. Bank of America Corp DE now owns 230,256 shares of the financial services provider’s stock worth $8,427,000 after acquiring an additional 223,317 shares during the last quarter. Phocas Financial Corp. purchased a new stake in FB Financial in the 2nd quarter valued at about $3,500,000. Strs Ohio purchased a new stake in FB Financial in the 3rd quarter valued at about $3,394,000. Nuveen Asset Management LLC purchased a new stake in FB Financial in the 2nd quarter valued at about $2,559,000. Finally, Price T Rowe Associates Inc. MD increased its stake in FB Financial by 1.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,716,111 shares of the financial services provider’s stock valued at $136,010,000 after buying an additional 36,438 shares during the last quarter. Institutional investors own 53.64% 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 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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Analyst Recommendations for FB Financial (NYSE:FBK)

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