FB Financial (NYSE:FBK) Rating Increased to Overweight at Stephens

FB Financial (NYSE:FBK) was upgraded by investment analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report released on Thursday, Marketbeat.com reports. The firm presently has a $45.00 price target on the financial services provider’s stock, up from their previous price target of $39.00. Stephens’ price objective suggests a potential upside of 20.61% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of FB Financial from $41.00 to $43.00 and gave the company an “underweight” rating in a report on Wednesday, April 17th. StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $40.50 in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $38.00 target price on shares of FB Financial in a research note on Wednesday, April 17th. Finally, Piper Sandler raised shares of FB Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $41.00 in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.00.

FB Financial Price Performance

FB Financial stock opened at $37.31 on Thursday. FB Financial has a 1-year low of $26.43 and a 1-year high of $41.00. The business has a fifty day moving average price of $37.15 and a 200-day moving average price of $36.73. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.68 and a beta of 1.12.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.15. The business had revenue of $107.45 million for the quarter, compared to the consensus estimate of $119.84 million. FB Financial had a return on equity of 10.20% and a net margin of 14.90%. On average, equities research analysts anticipate that FB Financial will post 3.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FB Financial

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new stake in shares of FB Financial in the fourth quarter valued at $43,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of FB Financial during the 3rd quarter worth about $71,000. PNC Financial Services Group Inc. grew its holdings in shares of FB Financial by 17.6% during the third quarter. PNC Financial Services Group Inc. now owns 3,007 shares of the financial services provider’s stock worth $85,000 after buying an additional 449 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of FB Financial by 85.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,638 shares of the financial services provider’s stock worth $145,000 after buying an additional 1,679 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of FB Financial in the first quarter valued at approximately $165,000. 65.40% of the stock is owned by institutional investors and hedge funds.

About FB Financial

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.