Janney Montgomery Scott began coverage on shares of FB Financial (NYSE:FBK – Get Rating) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set a "buy" rating on the financial services provider's stock.

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of FB Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, August 9th. Stephens boosted their target price on shares of FB Financial to $50.00 in a report on Friday, July 22nd. Truist Financial cut their price objective on shares of FB Financial to $46.00 in a research report on Friday, July 22nd. JPMorgan Chase & Co. reduced their price objective on FB Financial from $41.00 to $39.00 and set an "underweight" rating for the company in a research note on Friday, July 1st. Finally, Piper Sandler cut their target price on FB Financial to $50.00 in a research report on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $46.00.

FB Financial Price Performance

FB Financial stock opened at $39.83 on Tuesday. The company has a market capitalization of $1.87 billion, a PE ratio of 12.81 and a beta of 1.07. FB Financial has a one year low of $37.00 and a one year high of $48.03. The business has a 50 day simple moving average of $41.17 and a 200 day simple moving average of $41.35.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its stake in FB Financial by 20.3% during the 4th quarter. Teacher Retirement System of Texas now owns 6,423 shares of the financial services provider's stock worth $281,000 after acquiring an additional 1,085 shares in the last quarter. Southern Capital Advisors LLC purchased a new position in shares of FB Financial in the first quarter valued at $311,000. Swiss National Bank raised its holdings in FB Financial by 8.4% in the first quarter. Swiss National Bank now owns 78,983 shares of the financial services provider's stock valued at $3,508,000 after acquiring an additional 6,100 shares in the last quarter. 1492 Capital Management LLC raised its holdings in shares of FB Financial by 3.9% during the first quarter. 1492 Capital Management LLC now owns 39,215 shares of the financial services provider's stock worth $1,742,000 after purchasing an additional 1,478 shares during the period. Finally, CapWealth Advisors LLC grew its position in FB Financial by 307.3% in the 1st quarter. CapWealth Advisors LLC now owns 64,871 shares of the financial services provider's stock valued at $2,882,000 after buying an additional 48,943 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

About FB Financial

(Get Rating)

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 two segments, 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 engages in the mortgage origination business.

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