FB Financial Co. (NYSE:FBK) Given Average Rating of “Hold” by Analysts

FB Financial Co. (NYSE:FBK) has received an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $39.43.

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Stephens reduced their price target on shares of FB Financial from $45.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 17th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $38.00 price target on shares of FB Financial in a research note on Wednesday, April 17th. Piper Sandler upgraded shares of FB Financial from a “neutral” rating to an “overweight” rating and raised their price target for the company from $38.00 to $41.00 in a research note on Tuesday, April 16th. Finally, Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $40.00 to $40.50 in a research note on Tuesday, April 16th.

FB Financial Stock Down 1.3 %

Shares of FB Financial stock opened at $37.91 on Friday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 15.93 and a beta of 1.15. FB Financial has a 12-month low of $24.34 and a 12-month high of $41.00. The firm’s 50-day moving average price is $36.10 and its two-hundred day moving average price is $35.44.

FB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Monday, February 12th. This is a positive change from FB Financial’s previous quarterly dividend of $0.15. FB Financial’s dividend payout ratio (DPR) is 28.57%.

Insider Activity at FB Financial

In other FB Financial news, major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of $36.35 per share, for a total transaction of $72,700.00. Following the acquisition, the insider now directly owns 10,886,841 shares in the company, valued at $395,736,670.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder James W. Ayers purchased 3,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $35.91 per share, for a total transaction of $107,730.00. Following the acquisition, the insider now owns 10,884,841 shares in the company, valued at $390,874,640.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were purchased at an average price of $36.35 per share, with a total value of $72,700.00. Following the acquisition, the insider now owns 10,886,841 shares in the company, valued at approximately $395,736,670.35. The disclosure for this purchase can be found here. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its holdings in FB Financial by 1.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 25,229 shares of the financial services provider’s stock worth $1,005,000 after purchasing an additional 278 shares during the last quarter. Albert D Mason Inc. increased its stake in shares of FB Financial by 1.3% in the 1st quarter. Albert D Mason Inc. now owns 23,099 shares of the financial services provider’s stock valued at $870,000 after acquiring an additional 297 shares in the last quarter. Mariner LLC increased its stake in shares of FB Financial by 1.6% in the 3rd quarter. Mariner LLC now owns 20,087 shares of the financial services provider’s stock valued at $570,000 after acquiring an additional 323 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of FB Financial by 17.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,007 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 449 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of FB Financial by 5.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,236 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 855 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

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.