Sandler O’Neill upgraded shares of FB Financial Corporation (NYSE:FBK) from a hold rating to a buy rating in a report published on Tuesday, MarketBeat.com reports. The firm currently has $39.00 price objective on the financial services provider’s stock, up from their prior price objective of $37.00.

Several other brokerages have also recently weighed in on FBK. Zacks Investment Research raised shares of FB Financial Corporation from a sell rating to a hold rating and set a $43.00 price objective on the stock in a research note on Wednesday, April 26th. Keefe, Bruyette & Woods cut shares of FB Financial Corporation from an outperform rating to a market perform rating and set a $35.00 price objective on the stock. in a research note on Wednesday, April 26th. Stephens reissued a buy rating on shares of FB Financial Corporation in a research note on Monday, April 24th. Finally, UBS AG reissued a buy rating and issued a $41.00 price objective (down previously from $44.00) on shares of FB Financial Corporation in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. FB Financial Corporation presently has a consensus rating of Buy and a consensus target price of $36.67.

Shares of FB Financial Corporation (NYSE:FBK) opened at 34.02 on Tuesday. FB Financial Corporation has a 52-week low of $19.81 and a 52-week high of $38.59. The company has a market capitalization of $1.04 billion and a price-to-earnings ratio of 26.72. The company’s 50-day moving average price is $34.64 and its 200-day moving average price is $34.05.

FB Financial Corporation (NYSE:FBK) last issued its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. FB Financial Corporation had a net margin of 11.57% and a return on equity of 11.57%. The company had revenue of $66.08 million for the quarter, compared to analysts’ expectations of $65.99 million. Equities research analysts forecast that FB Financial Corporation will post $1.90 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in FBK. Mesirow Financial Investment Management Inc. purchased a new position in FB Financial Corporation during the second quarter valued at about $258,000. State Street Corp raised its position in FB Financial Corporation by 28.3% in the second quarter. State Street Corp now owns 119,028 shares of the financial services provider’s stock valued at $4,306,000 after buying an additional 26,236 shares during the last quarter. Jacobs Asset Management LLC raised its position in FB Financial Corporation by 260.9% in the second quarter. Jacobs Asset Management LLC now owns 415,000 shares of the financial services provider’s stock valued at $15,019,000 after buying an additional 300,000 shares during the last quarter. Banc Funds Co. LLC raised its position in FB Financial Corporation by 8.8% in the second quarter. Banc Funds Co. LLC now owns 209,868 shares of the financial services provider’s stock valued at $7,595,000 after buying an additional 17,000 shares during the last quarter. Finally, Advisor Group Inc. raised its position in FB Financial Corporation by 5.6% in the second quarter. Advisor Group Inc. now owns 8,919 shares of the financial services provider’s stock valued at $323,000 after buying an additional 475 shares during the last quarter. Institutional investors and hedge funds own 22.73% of the company’s stock.

FB Financial Corporation Company Profile

FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.

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