What’s in FB Financial Corporation (NYSE:FBK) After Decline in Shorted Shares?

January 19, 2018 - By Marry Poplack

 What’s in FB Financial Corporation (NYSE:FBK) After Decline in Shorted Shares?

The stock of FB Financial Corporation (NYSE:FBK) registered a decrease of 12.75% in short interest. FBK’s total short interest was 433,200 shares in January as published by FINRA. Its down 12.75% from 496,500 shares, reported previously. With 65,700 shares average volume, it will take short sellers 7 days to cover their FBK’s short positions.

The stock decreased 0.98% or $0.43 during the last trading session, reaching $43.3. About 79,409 shares traded. FB Financial Corporation (NYSE:FBK) has 0.00% since January 19, 2017 and is . It has underperformed by 16.70% the S&P500.

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 $1.32 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 29.94 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.

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 stock of FB Financial Corporation (NYSE:FBK) has “Buy” rating given on Friday, February 10 by Sandler O’Neill. The firm earned “Hold” rating on Wednesday, April 26 by Sandler O’Neill. The stock has “Mkt Perform” rating by Keefe Bruyette & Woods on Wednesday, April 26.

More important recent FB Financial Corporation (NYSE:FBK) news were published by: Businesswire.com which released: “FB Financial Corporation Announces Expected Effect of Reduction in Federal …” on January 09, 2018, also Nasdaq.com published article titled: “Why FB Financial (FBK) is Poised to Beat Earnings Estimates (Again)”, Bizjournals.com published: “How President Trump’s tax cut is impacting the bottom lines of Nashville banks” on January 12, 2018. More interesting news about FB Financial Corporation (NYSE:FBK) was released by: Bizjournals.com and their article: “Why the Motley Fool says this Nashville bank’s stock is one of the country’s best” with publication date: December 22, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.