Keefe Bruyette upgraded FB Financial (FBK) to Outperform from Market Perform with a price target of $58, up from $52, ahead of the Q2 report. The firm believes elieve FB is well positioned for stronger organic balance sheet growth and profitability benefits from the 12% accretive Southern States acquisition. Keefe sees a positive inflection for the company’s earnings growth and limited integration risk.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FBK: