Creative Planning Purchases 1,149 Shares of FB Financial Co. (NYSE:FBK)

Creative Planning increased its position in FB Financial Co. (NYSE:FBK) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,308 shares of the financial services provider’s stock after buying an additional 1,149 shares during the quarter. Creative Planning owned 0.06% of FB Financial worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in FB Financial in the 1st quarter valued at approximately $165,000. Renaissance Technologies LLC bought a new position in FB Financial during the 2nd quarter worth $217,000. ProShare Advisors LLC lifted its holdings in FB Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock worth $269,000 after buying an additional 494 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in FB Financial by 17.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock worth $277,000 after buying an additional 1,067 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of FB Financial by 16.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,146 shares of the financial services provider’s stock valued at $383,000 after buying an additional 1,424 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Hovde Group raised their price objective on FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target on shares of FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 16th. Piper Sandler lowered shares of FB Financial from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Stephens reissued an “overweight” rating and set a $45.00 target price on shares of FB Financial in a research note on Tuesday, July 16th. Finally, StockNews.com cut shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.80.

Insider Buying and Selling

In other news, major shareholder James W. Ayers acquired 2,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of $50.29 per share, for a total transaction of $100,580.00. Following the completion of the acquisition, the insider now directly owns 10,904,341 shares in the company, valued at $548,379,308.89. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other FB Financial news, major shareholder James W. Ayers bought 1,500 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were bought at an average price of $49.58 per share, for a total transaction of $74,370.00. Following the acquisition, the insider now directly owns 10,892,341 shares of the company’s stock, valued at approximately $540,042,266.78. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of $50.29 per share, for a total transaction of $100,580.00. Following the transaction, the insider now owns 10,904,341 shares in the company, valued at $548,379,308.89. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 9,500 shares of company stock valued at $464,410. 1.70% of the stock is owned by company insiders.

FB Financial Stock Up 0.9 %

Shares of FBK stock opened at $50.41 on Thursday. The firm has a 50 day moving average of $47.23 and a 200-day moving average of $42.38. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 21.18 and a beta of 1.13. FB Financial Co. has a 52 week low of $28.79 and a 52 week high of $51.63.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The business had revenue of $169.13 million during the quarter, compared to analysts’ expectations of $127.44 million. During the same period last year, the company posted $0.71 earnings per share. Analysts anticipate that FB Financial Co. will post 3.34 earnings per share for the current year.

FB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is currently 28.57%.

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.