1,800 Shares in FB Financial Co. (NYSE:FBK) Purchased by nVerses Capital LLC

nVerses Capital LLC acquired a new stake in shares of FB Financial Co. (NYSE:FBK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,800 shares of the financial services provider’s stock, valued at approximately $84,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FBK. Vanguard Group Inc. increased its stake in FB Financial by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 2,454,601 shares of the financial services provider’s stock valued at $97,816,000 after purchasing an additional 49,313 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in FB Financial by 1.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 213,948 shares of the financial services provider’s stock valued at $8,057,000 after purchasing an additional 3,630 shares in the last quarter. Wasatch Advisors LP increased its stake in FB Financial by 13.1% during the 1st quarter. Wasatch Advisors LP now owns 1,199,457 shares of the financial services provider’s stock valued at $45,172,000 after purchasing an additional 139,395 shares in the last quarter. Principal Financial Group Inc. increased its stake in FB Financial by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 196,464 shares of the financial services provider’s stock valued at $7,399,000 after purchasing an additional 13,306 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in FB Financial by 73.6% during the 1st quarter. BNP Paribas Financial Markets now owns 18,029 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 7,643 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on FBK shares. JPMorgan Chase & Co. reduced their price objective on shares of FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research note on Thursday, June 27th. Stephens reissued an “overweight” rating and set a $45.00 price objective on shares of FB Financial in a report on Tuesday, July 16th. Piper Sandler cut shares of FB Financial from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $41.00 to $46.00 in a report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.70.

FB Financial Trading Down 1.6 %

Shares of NYSE FBK opened at $49.18 on Monday. The firm has a 50 day moving average of $46.43 and a 200 day moving average of $41.67. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.66 and a beta of 1.13. FB Financial Co. has a 12-month low of $27.75 and a 12-month high of $51.40.

FB Financial (NYSE:FBK) last announced its earnings results 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 company had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. During the same period in the previous year, the business posted $0.71 earnings per share. Sell-side analysts predict that FB Financial Co. will post 3.25 EPS for the current year.

FB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.68 annualized dividend and a yield of 1.38%. FB Financial’s dividend payout ratio (DPR) is 28.57%.

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.