FB Financial (NYSE:FBK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “FB Financial Corp is a bank holding company. It operates through its wholly owned banking subsidiary, FirstBank. The company provides commercial and consumer banking services to clients. It operates primarily in Tennessee, North Alabama and North Georgia. The company also provides national mortgage business. FB Financial Corp is headquartered in Nashville, Tennessee. “

A number of other equities analysts also recently commented on the stock. TheStreet downgraded shares of FB Financial from a “b” rating to a “c+” rating in a research note on Friday, March 6th. ValuEngine upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 4th. SunTrust Banks raised their price objective on FB Financial from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, UBS Group lowered their target price on FB Financial from $41.00 to $18.50 and set a “neutral” rating for the company in a report on Monday, April 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. FB Financial has an average rating of “Hold” and an average target price of $33.60.

FBK traded up $1.48 during trading hours on Tuesday, reaching $23.97. 119,400 shares of the company’s stock traded hands, compared to its average volume of 146,226. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $23.53 and a 200 day moving average price of $28.70. FB Financial has a 52-week low of $14.38 and a 52-week high of $40.33. The firm has a market capitalization of $721.52 million, a PE ratio of 11.69 and a beta of 1.43.

FB Financial (NYSE:FBK) last issued its earnings results on Monday, April 27th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.33). The company had revenue of $98.95 million for the quarter, compared to analysts’ expectations of $89.00 million. FB Financial had a net margin of 14.92% and a return on equity of 9.82%. Equities analysts predict that FB Financial will post 1.64 EPS for the current fiscal year.

In related news, Director Raja J. Jubran purchased 9,142 shares of FB Financial stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $21.88 per share, with a total value of $200,026.96. Following the transaction, the director now owns 5,810 shares in the company, valued at approximately $127,122.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman James W. Ayers acquired 44,750 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $22.32 per share, with a total value of $998,820.00. Following the completion of the purchase, the chairman now directly owns 13,563,990 shares in the company, valued at $302,748,256.80. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 72,939 shares of company stock worth $1,606,925. 45.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in FBK. Great West Life Assurance Co. Can purchased a new stake in shares of FB Financial during the fourth quarter valued at about $48,000. Advisor Group Holdings Inc. purchased a new stake in FB Financial in the first quarter valued at $25,000. Bank of Montreal Can lifted its holdings in shares of FB Financial by 44.8% in the 4th quarter. Bank of Montreal Can now owns 2,161 shares of the financial services provider’s stock valued at $86,000 after buying an additional 669 shares during the period. BNP Paribas Arbitrage SA grew its holdings in FB Financial by 165.5% during the first quarter. BNP Paribas Arbitrage SA now owns 5,305 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 3,307 shares during the period. Finally, Denali Advisors LLC purchased a new position in FB Financial during the first quarter valued at approximately $124,000. Institutional investors and hedge funds own 54.42% of the company’s stock.

FB Financial Company Profile

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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