Other analysts have also issued research reports about the company. Truist Financial lowered FB Financial from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $45.00 to $42.00 in a report on Tuesday, October 18th. Stephens cut shares of FB Financial from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $46.00 to $42.00 in a research note on Tuesday, December 13th. Piper Sandler lowered shares of FB Financial from an “overweight” rating to a “neutral” rating in a research report on Tuesday, December 13th. Janney Montgomery Scott lowered shares of FB Financial from a “buy” rating to a “neutral” rating and set a $40.00 price target for the company. in a research report on Wednesday, December 14th. Finally, JPMorgan Chase & Co. decreased their price objective on FB Financial from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Tuesday, October 25th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.86.
FB Financial Stock Up 1.5 %
FBK stock opened at $36.63 on Thursday. FB Financial has a twelve month low of $34.02 and a twelve month high of $47.40. The company has a market cap of $1.72 billion, a PE ratio of 12.85 and a beta of 1.05. The business’s 50-day simple moving average is $38.86 and its 200 day simple moving average is $40.05.
Insider Activity at FB Financial
Institutional Trading of FB Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in FB Financial by 9.6% in the first quarter. JPMorgan Chase & Co. now owns 94,767 shares of the financial services provider’s stock valued at $4,210,000 after acquiring an additional 8,263 shares during the last quarter. American Century Companies Inc. boosted its position in shares of FB Financial by 20.4% in the 1st quarter. American Century Companies Inc. now owns 42,955 shares of the financial services provider’s stock worth $1,908,000 after purchasing an additional 7,283 shares during the last quarter. Citigroup Inc. grew its stake in shares of FB Financial by 16.3% during the first quarter. Citigroup Inc. now owns 31,613 shares of the financial services provider’s stock worth $1,404,000 after purchasing an additional 4,442 shares during the period. MetLife Investment Management LLC increased its holdings in FB Financial by 57.4% in the first quarter. MetLife Investment Management LLC now owns 17,187 shares of the financial services provider’s stock valued at $763,000 after purchasing an additional 6,267 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in FB Financial by 2.9% in the first quarter. Rhumbline Advisers now owns 92,950 shares of the financial services provider’s stock valued at $4,129,000 after buying an additional 2,589 shares during the period. 63.98% of the stock is currently owned by institutional investors and hedge funds.
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 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.
- Get a free copy of the StockNews.com research report on FB Financial (FBK)
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