FB Financial price target raised to $56 from $52 at Stephens

Stephens raised the firm’s price target on FB Financial to $56 from $52 and keeps an Overweight rating on the shares following Q3 results. The firm cited “better-than-expected” loan growth and net interest margin results, with the latter driven by a late-quarter securities portfolio restructuring that “should more fully benefit” the net interest margin in Q4. Stephens told investors that loan growth is guided to accelerate in the low-double-digits in FY25, offering upside to consensus if achieved.