FB Financial (NYSE:FBK) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of FB Financial (NYSE:FBK) from a sell rating to a hold rating in a research note released on Wednesday.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods upped their price objective on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group downgraded shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, FB Financial currently has an average rating of “Hold” and an average price target of $50.20.

FB Financial Stock Down 0.8 %

FBK stock opened at $53.13 on Wednesday. FB Financial has a twelve month low of $33.35 and a twelve month high of $58.88. The firm’s fifty day simple moving average is $53.70 and its two-hundred day simple moving average is $49.15. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 23.20 and a beta of 1.16.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. As a group, equities research analysts expect that FB Financial will post 3.38 EPS for the current year.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. FB Financial’s payout ratio is presently 29.69%.

Insider Activity at FB Financial

In other FB Financial news, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $58.22, for a total transaction of $291,100.00. Following the sale, the director now owns 54,078 shares of the company’s stock, valued at approximately $3,148,421.16. This trade represents a 8.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder James W. Ayers purchased 2,000 shares of FB Financial stock in a transaction dated Friday, October 25th. The stock was bought at an average cost of $48.13 per share, with a total value of $96,260.00. Following the completion of the transaction, the insider now owns 10,902,341 shares in the company, valued at approximately $524,729,672.33. This represents a 0.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,500 shares of company stock valued at $794,850 over the last ninety days. 1.70% of the stock is owned by company insiders.

Institutional Trading of FB Financial

A number of institutional investors have recently modified their holdings of FBK. Point72 Asset Management L.P. bought a new position in shares of FB Financial during the 3rd quarter worth approximately $47,000. GAMMA Investing LLC lifted its holdings in shares of FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 314 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of FB Financial during the 3rd quarter valued at $84,000. KBC Group NV grew its stake in FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after buying an additional 555 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in FB Financial during the 3rd quarter worth $110,000. 65.40% 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 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.