FB Financial (NYSE:FBK - Get Free Report) had its target price boosted by equities research analysts at Hovde Group from $52.50 to $56.00 in a report issued on Monday, Briefing.com reports. The firm currently has an "outperform" rating on the financial services provider's stock. Hovde Group's price target points to a potential upside of 13.87% from the stock's previous close.
Several other research firms have also recently weighed in on FBK. Keefe, Bruyette & Woods boosted their price objective on FB Financial from $48.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 16th. Stephens restated an "overweight" rating and set a $45.00 price target on shares of FB Financial in a research report on Tuesday, July 16th. Piper Sandler lowered shares of FB Financial from an "overweight" rating to a "neutral" rating and lifted their price objective for the stock from $41.00 to $46.00 in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of FB Financial from $43.00 to $42.00 and set an "underweight" rating on the stock in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, FB Financial currently has an average rating of "Hold" and a consensus price target of $47.80.
View Our Latest Analysis on FB Financial
Shares of FBK stock opened at $49.18 on Monday. The firm has a 50-day moving average of $46.43 and a 200-day moving average of $41.67. FB Financial has a one year low of $27.75 and a one year high of $51.40. The company has a market cap of $2.31 billion, a P/E ratio of 20.66 and a beta of 1.13.
FB Financial (NYSE:FBK - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. The firm had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. During the same quarter last year, the business posted $0.71 EPS. As a group, research analysts expect that FB Financial will post 3.25 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in FB Financial during the third quarter valued at approximately $84,000. SG Americas Securities LLC purchased a new position in FB Financial in the 1st quarter worth $165,000. Renaissance Technologies LLC bought a new stake in FB Financial in the second quarter worth $217,000. ProShare Advisors LLC boosted its position in FB Financial by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider's stock valued at $269,000 after buying an additional 494 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of FB Financial by 17.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider's stock valued at $277,000 after buying an additional 1,067 shares during the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.
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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