Raymond James analyst David Long maintained a Buy rating on FB Financial Corporation (NYSE: FBK) today and set a price target of $43. The company’s shares opened today at $34.73, close to its 52-week low of $33.12.
According to TipRanks.com, Long is a 2-star analyst with an average return of 0.0% and a 37.8% success rate. Long covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, American River Bankshares, and Huntington Bancshares Inc.
Currently, the analyst consensus on FB Financial Corporation is a Moderate Buy with an average price target of $43.67, a 25.7% upside from current levels. In a report issued on October 22, Stephens also maintained a Buy rating on the stock with a $47 price target.
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Based on FB Financial Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $21.38 million. In comparison, last year the company had a net profit of $8.39 million.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FBK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
FB Financial Corp. operates as a bank holding company for FirstBank. The company through its bank subsidiary provides a comprehensive suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia. It operates through the Banking and Mortgage segments.
