Stephens Keeps a Hold Rating on FB Financial Corporation (FBK)

By Jason Carr

In a report released yesterday, Tyler Stafford from Stephens maintained a Hold rating on FB Financial Corporation (FBKResearch Report), with a price target of $40. The company’s shares closed yesterday at $34.20.

Stafford wrote:

“We will be traveling with the Company on May 15th. KEY POINTS: Positives. Total EOP loan growth of 9.1% LQA came in well ahead of us at 3.7% and Street’s at 2.4% while the contractual NIM expanded 2 bps q/q to 4.10% (vs. us at 4.01%) with NII of $53.0 mil. ultimately beating our estimate of $51.4 mil. and Street at $51.6 mil. Fee income of $29.0 mil. beat our $28.2 mil. estimate. Negatives. Expenses of $53.4 mil. were above our $52.1 mil. and Street at $53.0 mil. A lower-than-expected LLP drove $0.02 of the EPS beat vs. our estimate ($0.01 vs. Street). Average NIB deposits declined -$32 mil. (or -3.2% q/q).”

According to, Stafford is a 4-star analyst with an average return of 4.7% and a 52.6% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for FB Financial Corporation with a $40 average price target.

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Based on FB Financial Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $16.95 million. In comparison, last year the company had a net profit of $19.75 million.

Based on the recent corporate insider activity of 59 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.

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FB Financial Corp. is a bank holding company, which provides commercial and consumer banking services to clients in select markets primarily in Tennessee, North Alabama and North Georgia, through its subsidiary. It operates through the Banking and Mortgage segments.