The stock of Fibrek Inc. (TSE:FBK) hit a new 52-week high and has $1.79 target or 129.00% above today’s $0.78 share price. The 7 months bullish chart indicates low risk for the $101.46 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $1.79 price target is reached, the company will be worth $130.88M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $0.78 per share. It is down 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
According to Zacks Investment Research, “FB Financial Corp is a bank holding company. It operates through its wholly owned banking subsidiary, FirstBank. The company provides commercial and consumer banking services to clients. It operates primarily in Tennessee, North Alabama and North Georgia. The company also provides national mortgage business. FB Financial Corp is headquartered in Nashville, Tennessee.”
More notable recent Fibrek Inc. (TSE:FBK) news were published by: Business.Financialpost.com which released: “Fairfax Financial Holdings Ltd says insider-trading probe of Prem Watsa tied …” on May 01, 2015, also Bloomberg.com with their article: “Fairfax Says Insider-Trading Probe of CEO Tied to Fibrek Deal” published on April 30, 2015, Business.Financialpost.com published: “Fibrek: Tactics mar core issue” on April 12, 2012. More interesting news about Fibrek Inc. (TSE:FBK) were released by: Business.Financialpost.com and their article: “Fibrek and market integrity” published on April 03, 2012 as well as Business.Financialpost.com‘s news article titled: “Watsa embroiled in takeover dispute” with publication date: February 01, 2012.
FBK Company Profile
FB Financial Corporation is a bank holding firm for FirstBank (the Bank). The Bank provides a range of commercial and consumer banking services to clients in various markets in Tennessee, North Alabama and North Georgia. The Firm operates in two divisions: Community Banking and Mortgage Banking. As of September 13, 2016, it includes 45 bank branches serving the Tennessee metropolitan markets of Nashville, Chattanooga, Knoxville, Memphis, Jackson and Huntsville (AL), in addition to 12 community markets. The Bank also provides mortgage banking services utilizing its bank branch network and mortgage banking offices located across the southeastern United States, in addition to a national Internet delivery channel.
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