Keefe Bruyette has revised its rating for Southern States Bancshares (SSBK), lowering it from Outperform to Market Perform. This change accompanies a reduction in the price target from $46 to $42. The adjustment aims to align Southern States’ evaluation with that of FB Financial (FBK, Financial), with which it is planning a merger.
The decision reflects an effort to bring consistency in the ratings of the two companies as they move toward a potential consolidation. The merger, which could significantly impact the regional banking landscape, prompted the firm to reevaluate and adjust its expectations for Southern States.
As these developments unfold, stakeholders are keeping a close watch on how this alignment might influence the strategic direction and market position of both Southern States and FB Financial in the near future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for FB Financial Corp (FBK, Financial) is $55.20 with a high estimate of $58.00 and a low estimate of $51.00. The average target implies an upside of 35.69% from the current price of $40.68. More detailed estimate data can be found on the FB Financial Corp (FBK) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, FB Financial Corp's (FBK, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FB Financial Corp (FBK, Financial) in one year is $48.47, suggesting a upside of 19.15% from the current price of $40.68. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FB Financial Corp (FBK) Summary page.
