Increase in Stake by Rafferty Asset Management LLC in FB Financial Co. (NYSE:FBK) and Analyst Ratings Changes

Are you interested in the world of finance and investing? If so, you may want to keep an eye on FB Financial Co. (NYSE:FBK). Recently, Rafferty Asset Management LLC increased its stake in the company by 55.0% during the fourth quarter, showing confidence in the financial services provider. Other hedge funds and institutional investors have also been buying and selling shares of FB Financial, indicating a growing interest in the company.

Analysts have been closely monitoring FB Financial as well, with several recent rating changes. From upgrades to price target increases, it seems like analysts are bullish on the company’s potential. With a consensus rating of “Hold” and a consensus target price of $40.00, it’s clear that FB Financial is on the radar of many in the financial industry.

Despite the positive analyst sentiment, FB Financial’s stock has been trading down 2.0%. However, with a 12-month low of $26.71 and a high of $41.00, there is still potential for growth. The company recently reported earnings that beat expectations, showing strong performance in the financial sector.

Additionally, FB Financial announced a quarterly dividend, providing value to shareholders. With a dividend yield of 1.93%, investors may see this as a positive sign of the company’s stability and profitability.

Overall, FB Financial Corporation offers a range of banking services to businesses and individuals, making it a key player in the financial industry. With a focus on commercial and consumer banking, the company has the potential for growth and success in the future.

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