Stephens analyst Matt Olney lowered the firm’s price target on FB Financial to $41 from $45 and keeps an Equal Weight rating on the shares after the company reported Q4 results driven by improving core trends at the bank, partially offset by lingering headwinds in the mortgage segment. The firm believes the company’s strong capital levels provide optionality that could drive higher EPS that is not considered in Stephens’ forecast, the analyst tells investors.
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