StockNews.com Downgrades FB Financial (NYSE:FBK) to Sell

StockNews.com lowered shares of FB Financial (NYSE:FBKFree Report) from a hold rating to a sell rating in a research note released on Friday.

Several other research firms also recently commented on FBK. Stephens lowered their target price on shares of FB Financial from $45.00 to $41.00 and set an equal weight rating on the stock in a research report on Wednesday, January 17th. Janney Montgomery Scott raised shares of FB Financial from a neutral rating to a buy rating and increased their target price for the stock from $34.00 to $35.50 in a research report on Wednesday, October 18th. Finally, Hovde Group downgraded shares of FB Financial from an outperform rating to a market perform rating and lowered their target price for the stock from $41.50 to $40.00 in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $36.58.

View Our Latest Research Report on FBK

FB Financial Trading Down 2.3 %

NYSE FBK opened at $35.95 on Friday. FB Financial has a 1-year low of $24.34 and a 1-year high of $41.00. The company has a market capitalization of $1.68 billion, a PE ratio of 13.99 and a beta of 1.17. The firm’s fifty day simple moving average is $37.96 and its 200-day simple moving average is $33.47.

FB Financial (NYSE:FBKGet Free Report) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. FB Financial had a net margin of 16.05% and a return on equity of 10.10%. The business had revenue of $116.43 million for the quarter, compared to the consensus estimate of $121.58 million. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, analysts predict that FB Financial will post 2.84 EPS for the current year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be given a $0.17 dividend. This is an increase from FB Financial’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, February 12th. FB Financial’s dividend payout ratio (DPR) is currently 23.35%.

Insider Activity

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were bought at an average cost of $38.20 per share, with a total value of $76,400.00. Following the completion of the transaction, the insider now owns 10,881,841 shares in the company, valued at approximately $415,686,326.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FB Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in shares of FB Financial by 1.3% in the second quarter. BlackRock Inc. now owns 6,297,375 shares of the financial services provider’s stock valued at $176,641,000 after buying an additional 78,805 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of FB Financial by 7.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,169,690 shares of the financial services provider’s stock valued at $186,833,000 after buying an additional 348,790 shares during the period. Vanguard Group Inc. lifted its stake in shares of FB Financial by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,319,852 shares of the financial services provider’s stock valued at $103,047,000 after buying an additional 45,267 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of FB Financial by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,658,678 shares of the financial services provider’s stock valued at $46,527,000 after buying an additional 51,982 shares during the period. Finally, Wasatch Advisors Inc. lifted its stake in shares of FB Financial by 17.7% in the first quarter. Wasatch Advisors Inc. now owns 1,579,663 shares of the financial services provider’s stock valued at $70,169,000 after buying an additional 237,256 shares during the period. 63.91% of the stock is owned by institutional investors and hedge funds.

FB Financial Company Profile

(Get Free Report)

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.

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