Today FB Financial Corporation (FBK) Stock Reaches 52-Week High

January 14, 2018 - By Dolores Ford

The stock of FB Financial Corporation (NYSE:FBK) hit a new 52-week high and has $46.91 target or 5.00 % above today’s $44.68 share price. The 8 months bullish chart indicates low risk for the $1.36 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $46.91 price target is reached, the company will be worth $68.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.16% or $0.07 during the last trading session, reaching $44.68. About 92,839 shares traded or 9.98% up from the average. FB Financial Corporation (NYSE:FBK) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await FB Financial Corporation (NYSE:FBK) to report earnings on January, 25. They expect $0.54 EPS, up 25.58 % or $0.11 from last year’s $0.43 per share. FBK’s profit will be $16.49 million for 20.69 P/E if the $0.54 EPS becomes a reality. After $0.60 actual EPS reported by FB Financial Corporation for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth.

FB Financial Corporation (NYSE:FBK) Ratings Coverage

Among 2 analysts covering FB Financial (NYSE:FBK), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. FB Financial had 3 analyst reports since February 10, 2017 according to SRatingsIntel. The company was downgraded on Wednesday, April 26 by Keefe Bruyette & Woods. The stock has “Hold” rating by Sandler O’Neill on Wednesday, April 26. The stock has “Buy” rating by Sandler O’Neill on Friday, February 10.

More notable recent FB Financial Corporation (NYSE:FBK) news were published by: Bizjournals.com which released: “How President Trump’s tax cut is impacting the bottom lines of Nashville banks” on January 12, 2018, also Bizjournals.com with their article: “Why the Motley Fool says this Nashville bank’s stock is one of the country’s best” published on December 22, 2017, Businesswire.com published: “FB Financial Corporation Completes Merger With Clayton Banks” on July 31, 2017. More interesting news about FB Financial Corporation (NYSE:FBK) were released by: Businesswire.com and their article: “FB Financial Corporation Announces Expected Effect of Reduction in Federal …” published on January 09, 2018 as well as Businesswire.com‘s news article titled: “FB Financial Corporation Reports 2017 Third Quarter Results” with publication date: October 23, 2017.

FB Financial Corporation operates as a holding firm for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals in Tennessee, North Alabama, and North Georgia. The company has market cap of $1.36 billion. It offers interest bearing depository services and products; commercial lending products that include working capital lines of credit, equipment loans, owner-occupied and non-owner-occupied real estate construction loans, real estate term loans, and cash flow loans to small and medium sized businesses; and consumer lending products comprising first and second residential mortgage loans, and home equity lines of credit, as well as consumer installment loans to purchase cars, boats, and other recreational vehicles. It has a 30.9 P/E ratio. The firm also provides mortgage banking services through its bank branch network and mortgage banking offices located in the southeastern United States; and an Internet delivery channel, as well as third-party mortgage services to smaller community banks and mortgage companies.

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