FB Financial Co. (NYSE:FBK) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP lifted its stake in FB Financial Co. (NYSE:FBK) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,225,838 shares of the financial services provider’s stock after purchasing an additional 55,071 shares during the quarter. Wasatch Advisors LP owned about 2.63% of FB Financial worth $57,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in FB Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,464,295 shares of the financial services provider’s stock worth $92,805,000 after acquiring an additional 9,694 shares during the period. CANADA LIFE ASSURANCE Co grew its position in FB Financial by 7.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 30,315 shares of the financial services provider’s stock worth $1,142,000 after acquiring an additional 2,103 shares during the period. Price T Rowe Associates Inc. MD grew its position in FB Financial by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,146 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 1,424 shares during the period. B. Riley Wealth Advisors Inc. grew its position in FB Financial by 17.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 1,067 shares during the period. Finally, Raymond James & Associates grew its position in FB Financial by 0.9% in the second quarter. Raymond James & Associates now owns 123,362 shares of the financial services provider’s stock worth $4,815,000 after acquiring an additional 1,086 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were purchased at an average price of $48.17 per share, with a total value of $96,340.00. Following the completion of the acquisition, the insider now directly owns 10,894,341 shares in the company, valued at $524,780,405.97. This represents a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James W. Iv Cross sold 5,000 shares of FB Financial stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the sale, the director now directly owns 54,078 shares in the company, valued at $3,148,421.16. This represents a 8.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 13,000 shares of company stock worth $658,460 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FBK shares. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods raised their price target on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 16th. Finally, Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.60.

FB Financial Trading Up 0.2 %

Shares of NYSE FBK opened at $56.45 on Friday. The stock has a market cap of $2.63 billion, a P/E ratio of 24.65 and a beta of 1.12. FB Financial Co. has a 12-month low of $32.82 and a 12-month high of $58.88. The business’s fifty day simple moving average is $50.65 and its 200-day simple moving average is $44.97.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $169.13 million for the quarter, compared to analysts’ expectations of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same period last year, the firm earned $0.71 earnings per share. On average, equities analysts forecast that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, November 5th. FB Financial’s dividend payout ratio is presently 29.69%.

FB Financial 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.