FB Financial earnings selloff a buying opportunity, says Keefe Bruyette

Keefe Bruyette views the post-earnings weakness in shares of FB Financial (FBK) as a buying opportunity. The firm moved earnings estimates higher and says the bond restructuring and Southern States (SSBK) deal positions FB to hit a 1.4% retune on assets and 15% return on tangible common equity by mid next year. It sees further upside from better growth or additional acquisitions and keeps an Outperform rating on the shares with a $58 price target