Shares of FB Financial Co. (NYSE:FBK – Get Free Report) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $42.33.
A number of research analysts have recently commented on the stock. Piper Sandler downgraded shares of FB Financial from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Stephens reaffirmed an “overweight” rating and set a $45.00 price target on shares of FB Financial in a research note on Tuesday, July 16th. JPMorgan Chase & Co. lowered their price objective on shares of FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research note on Thursday, June 27th. Finally, Keefe, Bruyette & Woods increased their target price on FB Financial from $40.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th.
Check Out Our Latest Research Report on FBK
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FB Financial Price Performance
NYSE:FBK opened at $46.94 on Wednesday. FB Financial has a 1-year low of $27.42 and a 1-year high of $49.97. The firm has a 50 day simple moving average of $45.88 and a 200-day simple moving average of $40.31. The firm has a market cap of $2.21 billion, a PE ratio of 19.72 and a beta of 1.13.
FB Financial (NYSE:FBK – Get Free Report) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $128.22 million for the quarter, compared to analysts’ expectations of $123.52 million. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. As a group, sell-side analysts expect that FB Financial will post 3.25 earnings per share for the current fiscal year.
FB Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were issued a $0.17 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.68 annualized dividend and a yield of 1.45%. FB Financial’s dividend payout ratio is currently 28.57%.
About FB Financial
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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