FB Financial Co. (NYSE:FBK) Stock Position Raised by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of FB Financial Co. (NYSE:FBK) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,352 shares of the financial services provider’s stock after buying an additional 1,584 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of FB Financial worth $5,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock worth $38,272,000 after buying an additional 7,021 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FB Financial by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock worth $17,521,000 after acquiring an additional 14,797 shares during the period. Raymond James & Associates lifted its position in FB Financial by 5.0% during the 3rd quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock worth $6,080,000 after acquiring an additional 6,183 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in FB Financial by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 66,775 shares of the financial services provider’s stock valued at $3,134,000 after acquiring an additional 4,918 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of FB Financial in the third quarter valued at about $1,557,000. Institutional investors own 65.40% of the company’s stock.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction dated Monday, January 6th. The shares were bought at an average cost of $51.40 per share, with a total value of $102,800.00. Following the acquisition, the insider now owns 10,913,841 shares in the company, valued at $560,971,427.40. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought a total of 14,000 shares of company stock valued at $716,880 in the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

FB Financial Stock Down 0.2 %

Shares of FBK stock opened at $49.22 on Thursday. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 19.93 and a beta of 1.15. FB Financial Co. has a 12-month low of $33.35 and a 12-month high of $58.88. The firm has a fifty day moving average of $51.79 and a 200-day moving average of $50.56.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. On average, equities analysts expect that FB Financial Co. will post 3.64 EPS for the current year.

FB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from FB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.54%. FB Financial’s payout ratio is 30.77%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FBK. StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, FB Financial has an average rating of “Hold” and a consensus target price of $50.20.

About FB Financial

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.