FB Financial (NYSE:FBK) Given “Market Perform” Rating at Keefe, Bruyette & Woods

FB Financial (NYSE:FBK)‘s stock had its “market perform” rating reiterated by Keefe, Bruyette & Woods in a note issued to investors on Wednesday, Benzinga reports. They presently have a $38.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 5.64% from the company’s current price.

A number of other research analysts have also recently commented on the company. Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and raised their target price for the company from $40.00 to $40.50 in a research note on Tuesday. Stephens reduced their target price on FB Financial from $45.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, January 17th. Piper Sandler raised FB Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $41.00 in a report on Tuesday. Finally, StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.43.

FB Financial Stock Down 0.5 %

Shares of FB Financial stock traded down $0.18 during trading on Wednesday, hitting $35.97. 159,567 shares of the stock traded hands, compared to its average volume of 132,473. The firm’s fifty day moving average is $35.96 and its 200-day moving average is $35.11. FB Financial has a 52 week low of $24.34 and a 52 week high of $41.00. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 15.11 and a beta of 1.15.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. The business had revenue of $116.43 million for the quarter, compared to analyst estimates of $121.58 million. FB Financial had a return on equity of 10.34% and a net margin of 14.90%. During the same period last year, the company earned $0.85 EPS. On average, analysts forecast that FB Financial will post 2.84 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder James W. Ayers acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $35.91 per share, for a total transaction of $107,730.00. Following the completion of the transaction, the insider now directly owns 10,884,841 shares in the company, valued at approximately $390,874,640.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other FB Financial news, major shareholder James W. Ayers bought 2,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were purchased at an average price of $38.20 per share, with a total value of $76,400.00. Following the completion of the purchase, the insider now owns 10,881,841 shares in the company, valued at approximately $415,686,326.20. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder James W. Ayers bought 3,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $35.91 per share, for a total transaction of $107,730.00. Following the purchase, the insider now owns 10,884,841 shares of the company’s stock, valued at approximately $390,874,640.31. The disclosure for this purchase can be found here. Insiders have acquired 7,000 shares of company stock worth $256,830 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of FB Financial by 1.3% during the second quarter. BlackRock Inc. now owns 6,297,375 shares of the financial services provider’s stock valued at $176,641,000 after buying an additional 78,805 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of FB Financial by 7.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,169,690 shares of the financial services provider’s stock valued at $186,833,000 after buying an additional 348,790 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of FB Financial by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,454,601 shares of the financial services provider’s stock valued at $97,816,000 after buying an additional 49,313 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of FB Financial by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,759,024 shares of the financial services provider’s stock valued at $70,099,000 after buying an additional 40,394 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its stake in FB Financial by 17.7% in the first quarter. Wasatch Advisors Inc. now owns 1,579,663 shares of the financial services provider’s stock worth $70,169,000 after purchasing an additional 237,256 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

FB Financial Company Profile

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.