In a report released yesterday, Tyler Stafford from Stephens maintained a Hold rating on FB Financial Corporation (FBK), with a price target of $40. The company’s shares closed yesterday at $34.58, close to its 52-week low of $33.12.
According to TipRanks.com, Stafford is a 3-star analyst with an average return of 1.3% and a 49.1% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pinnacle Financial Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FB Financial Corporation with a $43.40 average 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 $21.26 million. In comparison, last year the company had a net profit of $8.39 million.
Based on the recent corporate insider activity of 43 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.
