Stephens Reaffirms “Buy” Rating for FB Financial (NYSE:FBK)

Stephens restated their buy rating on shares of FB Financial (NYSE:FBK) in a research report report published on Wednesday, AnalystRatings.com reports. They currently have a $42.00 price target on the financial services provider’s stock.

“We maintain our OW rating.Stephens Inc. Page 2 APPENDIX A ANALYST CERTIFICATION The analyst primarily responsible for the preparation of the content of this report certifies that (i) all views expressed in this report accurately reflect the analyst’s personal views about the subject company and securities, and (ii) no part of the analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the analyst in this report. REQUIRED DISCLOSURES The research analyst principally responsible for preparation of this report has received compensation that is based on the firm’s overall revenue which includes investment banking revenue. Stephens Inc. maintains a market in the common stock of FB Financial Corporation as of the date of this report and may act as principal in these transactions.”,” Stephens’ analyst wrote.

Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded FB Financial from a sell rating to a hold rating in a research report on Friday, August 16th. ValuEngine upgraded FB Financial from a sell rating to a hold rating in a research report on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. FB Financial presently has an average rating of Buy and a consensus price target of $41.75.

FBK opened at $38.22 on Wednesday. The business’s fifty day moving average is $36.45 and its two-hundred day moving average is $35.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.86 and a current ratio of 0.91. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 14.93 and a beta of 0.97. FB Financial has a one year low of $30.33 and a one year high of $44.40.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. FB Financial had a return on equity of 11.94% and a net margin of 19.82%. The business had revenue of $90.00 million for the quarter, compared to the consensus estimate of $87.41 million. On average, analysts predict that FB Financial will post 2.78 EPS for the current fiscal year.

Several large investors have recently modified their holdings of FBK. Swiss National Bank lifted its position in FB Financial by 2.3% during the second quarter. Swiss National Bank now owns 31,400 shares of the financial services provider’s stock worth $1,149,000 after buying an additional 700 shares during the period. Aperio Group LLC purchased a new position in FB Financial during the second quarter worth about $35,000. Advisor Group Inc. lifted its position in FB Financial by 356.1% during the second quarter. Advisor Group Inc. now owns 1,277 shares of the financial services provider’s stock worth $47,000 after buying an additional 997 shares during the period. Denali Advisors LLC purchased a new position in FB Financial during the second quarter worth about $48,000. Finally, Bank of Montreal Can lifted its position in FB Financial by 362.8% during the second quarter. Bank of Montreal Can now owns 1,805 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,415 shares during the period. Institutional investors and hedge funds own 53.41% of the company’s stock.

FB Financial Company Profile

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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