FB Financial (NYSE:FBK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FB Financial (NYSE:FBK) from a sell rating to a hold rating in a research report sent to investors on Sunday.

A number of other analysts have also recently weighed in on FBK. Weiss Ratings reissued a “hold (c)” rating on shares of FB Financial in a report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $66.00 target price (up from $61.00) on shares of FB Financial in a research report on Thursday, October 16th. Finally, Piper Sandler boosted their price target on shares of FB Financial from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, FB Financial presently has an average rating of “Moderate Buy” and an average price target of $60.80.

FB Financial Price Performance

Shares of NYSE FBK opened at $52.94 on Friday. The business has a 50-day moving average of $54.93 and a two-hundred day moving average of $50.02. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 24.74 and a beta of 0.97. FB Financial has a 1 year low of $38.83 and a 1 year high of $60.51.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, February 15th. The financial services provider reported $1.14 EPS for the quarter. The business had revenue of $163.71 million for the quarter. FB Financial had a return on equity of 10.56% and a net margin of 11.73%. As a group, equities research analysts expect that FB Financial will post 3.64 earnings per share for the current year.

FB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 10th. FB Financial’s dividend payout ratio (DPR) is presently 35.51%.

Hedge Funds Weigh In On FB Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Investors Research Corp purchased a new stake in shares of FB Financial during the 3rd quarter worth $26,000. UMB Bank n.a. lifted its stake in shares of FB Financial by 155.9% in the third quarter. UMB Bank n.a. now owns 481 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 293 shares during the period. Tripletail Wealth Management LLC purchased a new stake in FB Financial during the third quarter worth about $31,000. Meeder Asset Management Inc. purchased a new stake in FB Financial during the first quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC grew its position in FB Financial by 1,152.2% during the second quarter. EverSource Wealth Advisors LLC now owns 864 shares of the financial services provider’s stock worth $39,000 after buying an additional 795 shares during the period. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

About FB Financial

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 segments, such as 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 residential mortgage loans.