FB Financial (NYSE:FBK) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of FB Financial (NYSE:FBK – Get Rating) from a hold rating to a sell rating in a report published on Wednesday morning.

Several other analysts also recently issued reports on FBK. Stephens downgraded FB Financial from an overweight rating to an equal weight rating and lowered their price target for the company from $46.00 to $42.00 in a report on Tuesday, December 13th. Piper Sandler downgraded FB Financial from an overweight rating to a neutral rating in a report on Tuesday, December 13th. Janney Montgomery Scott downgraded FB Financial from a buy rating to a neutral rating and set a $40.00 price target for the company. in a report on Wednesday, December 14th. 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $42.86.

FB Financial Trading Down 6.1 %

Shares of FBK opened at $31.43 on Wednesday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 11.91 and a beta of 1.04. The stock’s fifty day simple moving average is $36.71 and its 200 day simple moving average is $38.64. FB Financial has a twelve month low of $29.46 and a twelve month high of $47.39.

FB Financial (NYSE:FBK – Get Rating) last issued its earnings results on Tuesday, January 17th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. The business had revenue of $127.97 million for the quarter, compared to analyst estimates of $134.53 million. FB Financial had a return on equity of 10.36% and a net margin of 20.90%. Sell-side analysts predict that FB Financial will post 3.09 earnings per share for the current year.

FB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 21st. Stockholders of record on Tuesday, February 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, February 6th. This is an increase from FB Financial’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.91%. FB Financial’s dividend payout ratio (DPR) is currently 22.73%.

Insider Activity

In other FB Financial news, Director Raja J. Jubran bought 6,150 shares of the stock in a transaction dated Friday, March 10th. The stock was bought at an average cost of $32.39 per share, for a total transaction of $199,198.50. Following the completion of the purchase, the director now directly owns 29,039 shares of the company’s stock, valued at $940,573.21. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of FB Financial

Several large investors have recently modified their holdings of the business. Quadrant Capital Group LLC grew its stake in FB Financial by 702.9% in the third quarter. Quadrant Capital Group LLC now owns 1,389 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,216 shares in the last quarter. MetLife Investment Management LLC grew its stake in FB Financial by 3.2% in the third quarter. MetLife Investment Management LLC now owns 19,074 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 590 shares in the last quarter. Rhumbline Advisers grew its stake in FB Financial by 10.8% in the second 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 in the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in FB Financial by 3.8% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 27,930 shares of the financial services provider’s stock worth $1,095,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Penn Capital Management Company LLC grew its stake in FB Financial by 10.1% in the third quarter. Penn Capital Management Company LLC now owns 351,504 shares of the financial services provider’s stock worth $13,447,000 after purchasing an additional 32,125 shares in the last quarter. 63.98% of the stock is currently owned by institutional investors and hedge funds.

About FB Financial

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FB Financial Corp. is a bank holding company, which provides commercial and consumer banking services to clients in select markets primarily in Tennessee, North Alabama, and North Georgia through its subsidiary. It operates through the Banking and Mortgage segments. The Banking segments deals with interest on loans and investments, loan-related fees, originations in banking footprint, investment services, and deposit-related fees.