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

Shares of FB Financial Co. (NYSE:FBK – Get Rating) have been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $41.67.

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Several brokerages recently issued reports on FBK. Janney Montgomery Scott downgraded shares of FB Financial from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research report on Wednesday, December 14th. Truist Financial cut FB Financial from a “buy” rating to a “hold” rating and lowered their price target for the company from $45.00 to $42.00 in a research note on Tuesday, October 18th. Stephens downgraded FB Financial from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $46.00 to $42.00 in a report on Tuesday, December 13th. Keefe, Bruyette & Woods downgraded FB Financial from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $48.00 to $45.00 in a report on Wednesday, October 19th. Finally, Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a report on Wednesday, December 14th.

FB Financial Stock Up 2.7 {d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9}

NYSE:FBK opened at $37.31 on Friday. FB Financial has a 12 month low of $34.02 and a 12 month high of $47.40. The company’s 50 day moving average is $38.38 and its 200-day moving average is $39.95. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 14.13 and a beta of 1.05.

Insider Activity at FB Financial

In other news, Director Agenia Clark sold 2,759 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $42.01, for a total transaction of $115,905.59. Following the transaction, the director now directly owns 8,059 shares of the company’s stock, valued at $338,558.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director James W. Iv Cross purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 15th. The stock was acquired at an average cost of $35.06 per share, for a total transaction of $175,300.00. Following the completion of the transaction, the director now directly owns 55,638 shares of the company’s stock, valued at $1,950,668.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Agenia Clark sold 2,759 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of $42.01, for a total value of $115,905.59. Following the completion of the transaction, the director now directly owns 8,059 shares in the company, valued at approximately $338,558.59. The disclosure for this sale can be found here. 1.90{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Everence Capital Management Inc. acquired a new position in shares of FB Financial in the 2nd quarter valued at approximately $254,000. First Horizon Advisors Inc. purchased a new position in FB Financial in the 2nd quarter worth about $111,000. Rhumbline Advisers boosted its stake in FB Financial by 10.8{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} in the 2nd quarter. Rhumbline Advisers now owns 103,011 shares of the financial services provider’s stock worth $4,040,000 after purchasing an additional 10,061 shares during the period. B. Metzler seel. Sohn & Co. AG raised its holdings in FB Financial by 3.8{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 27,930 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 1,021 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of FB Financial by 7.1{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} during the first quarter. Bank of America Corp DE now owns 598,664 shares of the financial services provider’s stock valued at $26,592,000 after buying an additional 39,627 shares during the period. Institutional investors own 63.98{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} of the company’s stock.

FB Financial Company Profile

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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.