FBK Stock Summary and Trading Ideas (FB Financial | NYSE:FBK)

FB Financial Corp is a bank holding company. The company through its wholly-owned bank subsidiary provides commercial and consumer banking services to clients in select markets in Tennessee, North Alabama, and North Georgia. The company segment includes Banking and Mortgage. It generates revenue from the Banking segment which provides a full range of deposit and lending products and services to corporate, commercial, and consumer customers. The Mortgage segment includes the servicing of residential mortgage loans and the packaging and securitization of loans to governmental agencies.

FB Financial trades on the NYSE stock market under the symbol FBK.

As of April 16, 2024, FBK stock price climbed to $36.15 with 480,599 million shares trading.

FBK has a beta of 1.39, meaning it tends to be more sensitive to market movements. FBK has a correlation of 0.19 to the broad based SPY ETF.

FBK has a market cap of $1.69 billion. This is considered a Small Cap stock.

Last quarter FB Financial reported $107 million in Revenue and $.85 earnings per share. This fell short of revenue expectation by $-13 million and exceeded earnings estimates by $.15.

In the last 3 years, FBK stock traded as high as $48.04 and as low as $24.34.

The top ETF exchange traded funds that FBK belongs to (by Net Assets): IJR, VTI, IWM, VXF, IJS.

FBK has underperformed the market in the last year with a return of +22.2%, while the SPY ETF gained +23.7%. In the last 3 month period, FBK fell short of the market, returning -5.3%, while SPY returned +6.0%. However, in the most recent 2 weeks FBK has outperformed the stock market by returning -1.9%, while SPY returned -3.6%.

FBK support price is $33.77 and resistance is $35.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FBK stock will trade within this expected range on the day.