FB Financial Corporation Receives a Buy from Stephens

By Carrie Williams

Stephens analyst Tyler Stafford reiterated a Buy rating on FB Financial Corporation (NYSE: FBK) today and set a price target of $40. The company’s shares opened today at $34.37.

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 12.8% and a 58.1% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

FB Financial Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $37.50.

Based on FB Financial Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $68.65 million and quarterly net profit of $11.24 million. In comparison, last year the company earned revenue of $67.47 million and had a net profit of $15.78 million.

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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.