FB Financial Corporation with ticker code (FBK) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 54 and 47 calculating the average target price we see 52. With the stocks previous close at 44.45 this would imply there is a potential upside of 17.0%. The 50 day moving average now sits at 44.52 while the 200 day moving average is 42.19. The company has a market capitalisation of $2,107m. Company Website: https://www.firstbankonline.com
The potential market cap would be $2,465m based on the market concensus.
FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, and municipal and savings accounts; and time deposits and certificates of deposit. The company also offers owner-occupied and non-owner-occupied real estate construction, residential real estate 1-4 family mortgage, multi-family residential, commercial construction, land acquisition, and land development, loans; residential lines of credit; and consumer and other loans, such as car, boat, and other recreational vehicle loans, as well as manufactured homes without real estate, and personal lines of credit. In addition, the company provides mortgage banking services through its bank branch networks in the southeastern United States; an internet delivery channel; and trust, insurance, and investment services, as well as online and mobile banking services. As of December 31, 2020, it operated 81 full-service bank branches and 9 limited service branches locations throughout Tennessee, North Alabama, Southern Kentucky, and North Georgia; and 23 mortgage offices throughout the southeastern United States. The company was formerly known as First South Bancorp and changed its name to FB Financial Corporation in 2016. FB Financial Corporation was founded in 1906 and is headquartered in Nashville, Tennessee.
