Shares of FB Financial Co. (NYSE:FBK – Get Rating) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $49.00.
A number of brokerages have recently issued reports on FBK. Zacks Investment Research downgraded FB Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 22nd. StockNews.com started coverage on FB Financial in a research note on Thursday, March 31st. They set a “hold” rating on the stock.
Shares of NYSE:FBK opened at $40.16 on Tuesday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 11.16 and a beta of 1.07. The business’s 50-day moving average is $41.60 and its 200-day moving average is $43.50. FB Financial has a 1 year low of $34.99 and a 1 year high of $48.03.
FB Financial (NYSE:FBK – Get Rating) last announced its quarterly earnings data on Monday, April 18th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $129.57 million for the quarter, compared to the consensus estimate of $132.56 million. FB Financial had a return on equity of 11.66% and a net margin of 29.35%. During the same period in the previous year, the business earned $1.10 EPS. Research analysts predict that FB Financial will post 3.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 23rd. Investors of record on Monday, May 9th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, May 6th. FB Financial’s dividend payout ratio (DPR) is currently 14.44%.
Hedge funds have recently bought and sold shares of the stock. Sawtooth Solutions LLC purchased a new stake in shares of FB Financial in the first quarter worth approximately $237,000. Point72 Hong Kong Ltd raised its stake in shares of FB Financial by 413.0% in the first quarter. Point72 Hong Kong Ltd now owns 1,616 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 1,301 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of FB Financial in the first quarter worth approximately $13,000,000. State Street Corp raised its stake in shares of FB Financial by 6.8% in the first quarter. State Street Corp now owns 1,446,278 shares of the financial services provider’s stock worth $64,244,000 after purchasing an additional 92,312 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of FB Financial by 7.8% in the first quarter. Invesco Ltd. now owns 615,608 shares of the financial services provider’s stock worth $27,345,000 after purchasing an additional 44,665 shares during the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.
FB Financial Company Profile (Get Rating)
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.
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