Shares of FB Financial Co. (NYSE:FBK) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $41.20.
A number of equities research analysts have recently issued reports on FBK shares. ValuEngine cut shares of FB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. UBS started coverage on shares of FB Financial in a research note on Thursday, March 22nd. They issued a “neutral” rating and a $44.00 price objective for the company. Finally, Zacks Investment Research raised shares of FB Financial from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, January 3rd.
Several institutional investors have recently made changes to their positions in FBK. Nationwide Fund Advisors boosted its stake in shares of FB Financial by 60.5% in the 3rd quarter. Nationwide Fund Advisors now owns 6,339 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 2,389 shares in the last quarter. Rhumbline Advisers raised its holdings in FB Financial by 33.0% during the 3rd quarter. Rhumbline Advisers now owns 9,343 shares of the financial services provider’s stock valued at $352,000 after buying an additional 2,320 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in FB Financial by 94.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 51,728 shares of the financial services provider’s stock valued at $1,951,000 after buying an additional 25,124 shares during the last quarter. American International Group Inc. raised its holdings in FB Financial by 110.9% during the 3rd quarter. American International Group Inc. now owns 8,672 shares of the financial services provider’s stock valued at $327,000 after buying an additional 4,560 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in FB Financial by 66.8% during the 3rd quarter. TD Asset Management Inc. now owns 31,200 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 12,500 shares during the last quarter. 36.15% of the stock is owned by institutional investors.
FB Financial (NYSE:FBK) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.06. FB Financial had a net margin of 16.84% and a return on equity of 11.95%. The company had revenue of $86.00 million during the quarter, compared to analysts’ expectations of $79.79 million. research analysts expect that FB Financial will post 2.98 EPS for the current fiscal year.
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About FB Financial
FB Financial Corporation operates as a 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 provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.
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