FB Financial (NYSE:FBK) PT Lowered to $46.00

FB Financial (NYSE:FBK) had its price objective decreased by stock analysts at Truist from $53.00 to $46.00 in a research report issued on Wednesday, The Fly reports. The firm presently has a “buy” rating on the financial services provider’s stock. Truist’s price objective would suggest a potential upside of 20.17% from the company’s previous close.

Several other analysts have also recently weighed in on FBK. Zacks Investment Research cut shares of FB Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 30th. Keefe, Bruyette & Woods raised shares of FB Financial from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Wednesday. Finally, DA Davidson raised shares of FB Financial from a “neutral” rating to a “buy” rating and cut their price target for the company from $47.50 to $44.00 in a research report on Thursday, July 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $41.17.

Shares of NYSE:FBK opened at $38.28 on Wednesday. The business’s fifty day moving average is $39.47. The firm has a market capitalization of $1.81 billion, a P/E ratio of 8.03 and a beta of 1.20. FB Financial has a 52-week low of $23.64 and a 52-week high of $49.62.

FB Financial (NYSE:FBK) last announced its quarterly earnings results on Sunday, July 18th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.15. FB Financial had a net margin of 20.50% and a return on equity of 15.97%. On average, research analysts predict that FB Financial will post 3.41 earnings per share for the current year.

In other FB Financial news, Director James W. Ayers sold 2,500,000 shares of the company’s stock in a transaction on Thursday, June 10th. The shares were sold at an average price of $40.84, for a total transaction of $102,100,000.00. Following the sale, the director now owns 11,116,903 shares of the company’s stock, valued at $454,014,318.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 30.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FBK. Captrust Financial Advisors boosted its position in shares of FB Financial by 1,593.8% during the 1st quarter. Captrust Financial Advisors now owns 1,101 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,036 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of FB Financial during the 4th quarter worth about $69,000. Mutual of America Capital Management LLC boosted its position in shares of FB Financial by 6.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,162 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 262 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in shares of FB Financial during the 1st quarter worth about $229,000. Finally, AQR Capital Management LLC bought a new position in shares of FB Financial during the 1st quarter worth about $233,000. 60.01% of the stock is currently owned by 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 businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, and municipal and savings accounts; and time deposits and certificates of deposit.

Further Reading: After-Hours Trading

The Fly logo

Analyst Recommendations for FB Financial (NYSE:FBK)

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.