Currently, FB Financial Corp [FBK] is trading at $56.35, up 15.52%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FBK shares have gain 11.85% over the last week, with a monthly amount glided 23.57%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
FB Financial Corp [NYSE: FBK] stock has seen the most recent analyst activity on October 21, 2024, when Hovde Group reiterated its Outperform rating and also boosted its price target to $56 from $52.50. Previously, Piper Sandler downgraded its rating to Neutral on July 17, 2024, and elevated its price target to $46. On May 23, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $45 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $41 on April 16, 2024. Hovde Group upgraded its rating to a Outperform and raised its price target to $40.50 on April 16, 2024. Hovde Group downgraded its rating to Market Perform for this stock on January 17, 2024, and downed its price target to $40. In a note dated October 18, 2023, Janney upgraded an Buy rating on this stock and boosted its target price from $34 to $35.50.
This stock has fluctuated between a low of $30.01 and a high of $51.62 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $48 within the next 12 months. FB Financial Corp [NYSE: FBK] shares were valued at $56.35 at the most recent close of the market. An investor can expect a potential drop of -14.82% based on the average FBK price forecast.
Analyzing the FBK fundamentals
Trailing Twelve Months sales for FB Financial Corp [NYSE:FBK] were 737.99M which represents -13.19% decline. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.07 points at the first support level, and at 51.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.67, and for the 2nd resistance point, it is at 58.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for FB Financial Corp [NYSE:FBK] is 0.10. Considering the valuation of this stock, the price to sales ratio is 3.56, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 24.58.
Transactions by insiders
Recent insider trading involved Ayers James W., 10% Owner, that happened on Oct 30 ’24 when 500.0 shares were purchased. 10% Owner, Ayers James W. completed a deal on Oct 28 ’24 to buy 2000.0 shares. Meanwhile, 10% Owner Ayers James W. bought 2000.0 shares on Oct 29 ’24.
