Stephens Reaffirms Their Buy Rating on FB Financial Corporation (FBK)

By Carrie Williams

In a report released today, Tyler Stafford from Stephens maintained a Buy rating on FB Financial Corporation (FBKResearch Report), with a price target of $42. The company’s shares closed last Monday at $38.26.

Stafford observed:

“We maintain our OW rating.Stephens Inc. Page 2 APPENDIX A ANALYST CERTIFICATION The analyst primarily responsible for the preparation of the content of this report certifies that (i) all views expressed in this report accurately reflect the analyst’s personal views about the subject company and securities, and (ii) no part of the analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the analyst in this report. REQUIRED DISCLOSURES The research analyst principally responsible for preparation of this report has received compensation that is based on the firm’s overall revenue which includes investment banking revenue. Stephens Inc. maintains a market in the common stock of FB Financial Corporation as of the date of this report and may act as principal in these transactions.”

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.7% and a 55.8% 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 Moderate Buy analyst consensus rating for FB Financial Corporation with a $42 average price target.

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FB Financial Corporation’s market cap is currently $1.18B and has a P/E ratio of 15.72. The company has a Price to Book ratio of 1.64.

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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.