FB Financial (NYSE:FBK) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.
A number of other analysts also recently issued reports on FBK. Zacks Investment Research raised shares of FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. TheStreet raised shares of FB Financial from a “c+” rating to a “b” rating in a report on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. FB Financial has a consensus rating of “Buy” and a consensus target price of $41.25.
Shares of FBK stock opened at $35.99 on Wednesday. FB Financial has a one year low of $30.33 and a one year high of $44.69. The stock has a market cap of $1.11 billion, a P/E ratio of 13.79 and a beta of 0.98. The company has a current ratio of 0.92, a quick ratio of 0.86 and a debt-to-equity ratio of 0.05.
FB Financial (NYSE:FBK) last announced its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. FB Financial had a net margin of 21.24% and a return on equity of 12.44%. The company had revenue of $82.06 million for the quarter, compared to the consensus estimate of $80.29 million. On average, analysts forecast that FB Financial will post 2.85 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in FBK. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of FB Financial by 158.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,133 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 694 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of FB Financial during the 1st quarter valued at about $44,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of FB Financial during the 4th quarter valued at about $93,000. Great West Life Assurance Co. Can boosted its holdings in shares of FB Financial by 249.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,796 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 1,996 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of FB Financial by 68,000.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,405 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 3,400 shares during the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.
About FB Financial
FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services 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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