In a report released today, Kevin Fitzsimmons from D.A. Davidson maintained a Buy rating on FB Financial (FBK – Research Report). The company’s shares closed yesterday at $30.46.
According to TipRanks, Fitzsimmons is a 3-star analyst with an average return of 4.7% and a 47.19% success rate. Fitzsimmons covers the Financial sector, focusing on stocks such as First Citizens BancShares, Colony Bankcorp, and ServisFirst Bancshares.
FB Financial has an analyst consensus of Hold, with a price target consensus of $30.00.
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Based on FB Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $127.97 million and a net profit of $38.14 million. In comparison, last year the company earned a revenue of $142.97 million and had a net profit of $48.83 million
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FBK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
FB Financial Corp. is a bank holding company, which provides commercial and consumer banking services to clients in select markets primarily in Tennessee, North Alabama and North Georgia, through its subsidiary. It operates through the Banking and Mortgage segments. The Banking segments deals with interest on loans and investments, loan-related fees, originations in banking footprint, investment services and deposit-related fees. The Mortgage segment originates from fees and gains on sales in the secondary market of mortgage loans that originate outside Banking footprint or through internet delivery channels and from servicing. The company was founded in 1906 and is headquartered in Nashville, TN.
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