KBW on FB Financial (FBK): 'We believe shares will be up tomorrow'

Keefe, Bruyette & Woods analyst Catherine Mealor reiterated an Outperform rating and $65.00 price target on FB Financial (NYSE: FBK).

The analyst commented: "Lower deposit costs, stable NIM, strong loan/deposit growth, lower expenses and accelerated buyback activity should all have a positive impact on forward PPNR and support the shares, which have relatively underperformed YTD (flat). A higher provision is an offset, but largely growth-related, and NPAs are just up modestly to 1.14%. We believe shares will be up tomorrow, trading at 1.9x TBV and 11x EPS."

For an analyst ratings summary and ratings history on FB Financial click here. For more ratings news on FB Financial click here.

Shares of FB Financial closed at $56.57 yesterday.

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