Janus Henderson Group PLC Boosts Holdings in FB Financial Co. (NYSE:FBK)

Janus Henderson Group PLC boosted its position in FB Financial Co. (NYSE:FBK) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136,818 shares of the financial services provider’s stock after purchasing an additional 33,310 shares during the quarter. Janus Henderson Group PLC owned about 2.42% of FB Financial worth $42,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FBK. Heartland Advisors Inc. purchased a new stake in FB Financial in the 4th quarter worth approximately $11,237,000. Wasatch Advisors LP increased its holdings in shares of FB Financial by 26.3% in the 4th quarter. Wasatch Advisors LP now owns 1,060,062 shares of the financial services provider’s stock worth $42,243,000 after buying an additional 220,835 shares during the last quarter. Mendon Capital Advisors Corp bought a new position in shares of FB Financial in the 4th quarter worth $5,978,000. Vanguard Group Inc. increased its holdings in shares of FB Financial by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 2,454,601 shares of the financial services provider’s stock worth $97,816,000 after buying an additional 49,313 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of FB Financial by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,759,024 shares of the financial services provider’s stock worth $70,099,000 after buying an additional 40,394 shares during the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

FB Financial Price Performance

FBK traded up $0.24 during trading on Tuesday, hitting $46.82. 151,131 shares of the stock traded hands, compared to its average volume of 147,480. The firm has a market capitalization of $2.20 billion, a P/E ratio of 19.57 and a beta of 1.14. The firm has a 50-day moving average of $39.33 and a 200 day moving average of $37.70. FB Financial Co. has a 12-month low of $27.42 and a 12-month high of $48.30.

FB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.68 annualized dividend and a yield of 1.45%. FB Financial’s payout ratio is currently 28.57%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Hovde Group raised shares of FB Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $40.00 to $40.50 in a report on Tuesday, April 16th. Piper Sandler lowered shares of FB Financial from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $41.00 to $46.00 in a report on Wednesday, July 17th. Stephens reissued an “overweight” rating and issued a $45.00 price target on shares of FB Financial in a report on Tuesday, July 16th. StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods increased their target price on shares of FB Financial from $40.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, FB Financial currently has an average rating of “Hold” and a consensus price target of $42.33.

FB Financial Company Profile

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.