Mutual of America Capital Management LLC Has $247,000 Position in FB Financial Co. (NYSE:FBK)

Mutual of America Capital Management LLC lessened its stake in shares of FB Financial Co. (NYSE:FBK) by 9.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,262 shares of the financial services provider’s stock after selling 531 shares during the period. Mutual of America Capital Management LLC’s holdings in FB Financial were worth $247,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of FB Financial by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock valued at $75,623,000 after acquiring an additional 106,553 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of FB Financial by 7.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock valued at $10,786,000 after acquiring an additional 15,739 shares during the period. Salzhauer Michael acquired a new position in shares of FB Financial during the 2nd quarter valued at $2,596,000. Raymond James & Associates lifted its position in shares of FB Financial by 5.0% during the 3rd quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock valued at $6,080,000 after acquiring an additional 6,183 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in FB Financial during the third quarter worth $1,935,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

FB Financial Price Performance

NYSE FBK opened at $56.31 on Friday. FB Financial Co. has a 1 year low of $32.09 and a 1 year high of $58.88. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 24.59 and a beta of 1.12. The company has a fifty day moving average price of $50.48 and a 200-day moving average price of $44.84.

FB Financial (NYSE:FBK) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The firm had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. During the same quarter in the prior year, the business posted $0.71 EPS. On average, research analysts anticipate that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.21%. FB Financial’s payout ratio is currently 29.69%.

Analysts Set New Price Targets

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

Insider Activity at FB Financial

In related news, major shareholder James W. Ayers purchased 1,000 shares of FB Financial stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $57.15 per share, for a total transaction of $57,150.00. Following the completion of the transaction, the insider now owns 10,909,841 shares in the company, valued at $623,497,413.15. This represents a 0.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $58.22, for a total transaction of $291,100.00. Following the transaction, the director now owns 54,078 shares of the company’s stock, valued at $3,148,421.16. This represents a 8.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 13,000 shares of company stock worth $658,460. 1.70% of the stock is owned by company insiders.

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.