FB Financial price target lowered to $34 from $35 at Stephens

Stephens analyst Matt Olney lowered the firm’s price target on FB Financial to $34 from $35 and keeps an Equal Weight rating on the shares. The bank reported a Q1 EPS beat on lower than expected LLP expense, but core revenue trends remain soft as NII disappointed due to "stubbornly high deposit costs" that the firm expects to continue in the near-term, the analyst tells investors.