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.
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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.
FB Financial (NYSE:FBK – Get Rating) last announced its earnings results on Monday, July 18th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.14). The company had revenue of $135.39 million for the quarter, compared to analyst estimates of $141.54 million. FB Financial had a return on equity of 10.88% and a net
margin of 25.37%. During the same quarter last year, the business posted $0.88 earnings per share. Equities analysts anticipate that FB Financial will post 3.05 earnings per share for the current fiscal year.
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
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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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