Stephens upgraded shares of FB Financial (NYSE:FBK) from an equal weight rating to an overweight rating in a research note published on Tuesday morning, Benzinga reports. They currently have $42.00 price target on the financial services provider’s stock.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded FirstService from a strong sell rating to a hold rating and set a $110.00 target price for the company in a research report on Tuesday, June 25th. ValuEngine downgraded Welbilt from a hold rating to a sell rating in a research report on Wednesday, June 12th. Finally, TheStreet downgraded Tribune Publishing from a c- rating to a d+ rating in a research report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $41.75.
FB Financial stock opened at $37.19 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.86 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 14.09 and a beta of 0.94. The business has a fifty day simple moving average of $35.82. FB Financial has a 52 week low of $30.33 and a 52 week high of $44.69.
Several hedge funds have recently added to or reduced their stakes in FBK. Denali Advisors LLC bought a new stake in FB Financial in the second quarter valued at about $48,000. Great West Life Assurance Co. Can increased its holdings in FB Financial by 249.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,796 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,996 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in FB Financial by 19.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,170 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 518 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in FB Financial by 68,000.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,405 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in FB Financial by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,467 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 4,270 shares during the last quarter. Institutional investors own 52.83% of the company’s stock.
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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