FB Financial Co. (NYSE:FBK) Receives $49.00 Consensus Price Target from Analysts

Shares of FB Financial Co. (NYSE:FBKGet Rating) have earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $49.00.

Several brokerages recently weighed in on FBK. Zacks Investment Research cut FB Financial from a “buy” rating to a “hold” rating in a report on Friday, April 22nd. StockNews.com started coverage on FB Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company.

Shares of FB Financial stock traded up $0.69 during trading on Tuesday, hitting $42.19. 485 shares of the stock traded hands, compared to its average volume of 136,084. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 11.53 and a beta of 1.07. The firm’s fifty day moving average is $41.22 and its 200-day moving average is $43.42. FB Financial has a 52 week low of $34.99 and a 52 week high of $48.03.

FB Financial (NYSE:FBKGet Rating) last issued its earnings results on Monday, April 18th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $129.57 million during the quarter, compared to analysts’ expectations of $132.56 million. FB Financial had a return on equity of 11.66% and a net margin of 29.35%. During the same period in the prior year, the business posted $1.10 EPS. As a group, sell-side analysts expect that FB Financial will post 3.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 23rd. Investors of record on Monday, May 9th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 6th. This represents a $0.52 annualized dividend and a yield of 1.23%. FB Financial’s dividend payout ratio (DPR) is presently 14.44%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FBK. First Trust Advisors LP raised its holdings in FB Financial by 87.7% during the first quarter. First Trust Advisors LP now owns 72,245 shares of the financial services provider’s stock valued at $2,295,000 after acquiring an additional 33,763 shares during the period. Morgan Stanley raised its holdings in FB Financial by 67.5% during the second quarter. Morgan Stanley now owns 143,767 shares of the financial services provider’s stock valued at $5,365,000 after acquiring an additional 57,931 shares during the period. Advisor Group Holdings Inc. raised its holdings in FB Financial by 24.6% during the third quarter. Advisor Group Holdings Inc. now owns 2,630 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 519 shares during the period. Principal Financial Group Inc. raised its holdings in FB Financial by 3.3% during the third quarter. Principal Financial Group Inc. now owns 285,448 shares of the financial services provider’s stock valued at $12,240,000 after acquiring an additional 9,167 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in FB Financial during the third quarter valued at about $229,000. Institutional investors own 63.62% 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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