According to Bloomberg, each of the eight research firms that cover the company has given its stock, FB Financial Co (NYSE: FBK), a rating of “Hold.” The company’s stock is traded on the New York Stock Exchange.
Two analysts working in the financial industry have suggested to investors that they should sell the stock.
In contrast, six others have suggested that investors should continue to hold onto it.
The average price target for the stock set by analysts who have covered the company in the preceding year is $41.67 per share for the period spanning the next 12 months.
On January 17, the most recent earnings report for FB Financial, which is traded on the NYSE under the symbol FBK, was made public.
Earnings per share (EPS) for the quarter reported by companies in the financial services industry came in at $0.85, which was $0.04 higher than the average prediction of $0.81.
In their business, FB Financial achieved a return on equity of 10.36% while maintaining a net margin of 20.90%.
According to the analysts’ projections, the company’s revenue for the upcoming quarter could be anywhere from $134.53 million to $127.97 million. Sell-side analysts project that FB Financial will generate $3.09 in profits per share for the current fiscal year.
This projection was made in light of current market conditions.
When the market opened for trading on Friday, the price of a share of NYSE: FBK was $31.43.
The stock is currently trading at a price that is 36.71 dollars below its 50-day simple moving average and 38.65 dollars above its 200-day simple moving average. Over the previous twelve months, FB Financial’s stock price ranged between a low of $29.46 and a high of $47.39, respectively.
The enterprise has a price-to-earnings ratio of 11.91, a beta value of 1.04, and a market capitalization of $1.47 billion.
Regarding FBK, numerous analysts’ reports have been written, each with their unique perspective.
In a research note released on Tuesday, December 13, Piper Sandler rated the stock of FB Financial as “neutral.” This is a change from the previous recommendation of “overweight,” which was held. Hovde Group downgraded the stock of FB Financial from an “outperform” rating to a “market performs” rating, and the company now has a price objective of $42.00 for the stock. On December 14, a Wednesday, a report was made available to the general public.
In a research report published on December 13, Stephens lowered their price objective for FB Financial from $46.00 to $42.00, changing their rating for the company from “overweight” to “equal weight.” A research report published on Wednesday by StockNews.com gave FB Financial a rating of “sell,” one notch lower than the previous recommendation of “hold,” which was given to the company. Janney Montgomery Scott lowered their rating on FB Financial shares from “buy” to “neutral” in a research report released on Wednesday, December 14.
They also set their target price on the stock at $40.00.
This comes as a result of the company had previously recommended a “buy” rating for the stock of the company.
In addition, the business recently announced and paid out a quarterly dividend, which was done on the 21st of this particular month.
The dividend was paid out. On February 7, a dividend payment of $0.15 was made to shareholders on record when the dividend was declared.
The date of February 6, a Monday, was chosen as the ex-dividend date for this dividend.
This is an increase from the previous quarterly dividend amount of $0.13 that was distributed by FB Financial and represents an increase overall.
This translates to a yield of 1.91% and a dividend payment of $0.60 yearly for every shareholder.
The dividend payout ratio (DPR) for FB Financial is currently established at 22.73%.
In related news, FB Financial director Raja J. Jubran purchased 6,150 shares of the company’s stock on March 10.
This is another recent development concerning FB Financial.
The total cost of purchasing the shares was $199,198.50, an average price of $32.39 per share.
As a direct result of the purchase, the director now directly owns 29,039 shares of the company.
Based on the current share price, this gives the director a direct ownership stake worth $940,573.21.
If you follow this link, you will be brought to the SEC filing in which the acquisition was discussed, so make sure you do so. 1.90 company insiders own a percent of the total shares currently outstanding.