Somewhat Positive News Coverage Somewhat Unlikely to Affect FB Financial (FBK) Stock Price
News coverage about FB Financial (NYSE:FBK) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. FB Financial earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.8520604478713 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- FB Financial (FBK) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Unilever tells Facebook and Google to clean up online ‘swamp’ or it will pull ads (usatoday.com)
- Inspector general: Texas clean coal company charged Energy Department for booze, travel (washingtonexaminer.com)
- BuzzFeed CEO Jonah Peretti says Facebook should share revenue as well as traffic (msn.com)
- Two of America’s closest allies are getting tough with Facebook (thinkprogress.org)
A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded FB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded FB Financial from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. UBS Group boosted their target price on FB Financial from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 target price on shares of FB Financial in a research note on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. FB Financial currently has an average rating of “Buy” and an average price target of $42.33.
FB Financial (NYSE:FBK) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. FB Financial had a return on equity of 12.72% and a net margin of 16.84%. The firm had revenue of $86.00 million for the quarter, compared to the consensus estimate of $79.79 million. research analysts forecast that FB Financial will post 2.96 earnings per share for the current fiscal year.
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About FB Financial
FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.
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