JPMorgan Chase & Co. Purchases 4,918 Shares of FB Financial Co. (NYSE:FBK)

JPMorgan Chase & Co. increased its holdings in FB Financial Co. (NYSE:FBKFree Report) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,775 shares of the financial services provider’s stock after acquiring an additional 4,918 shares during the period. JPMorgan Chase & Co. owned about 0.14% of FB Financial worth $3,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in FB Financial in the 3rd quarter valued at $47,000. nVerses Capital LLC purchased a new position in shares of FB Financial in the 3rd quarter worth about $84,000. Point72 DIFC Ltd bought a new position in FB Financial during the third quarter valued at about $110,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in FB Financial during the third quarter worth about $124,000. Finally, Raymond James Trust N.A. bought a new stake in FB Financial in the third quarter worth about $201,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on FBK. 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 note on Wednesday, December 4th. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, FB Financial has a consensus rating of “Hold” and a consensus price target of $50.20.

Get Our Latest Analysis on FB Financial

FB Financial Stock Up 0.3 %

Shares of NYSE FBK opened at $52.41 on Monday. FB Financial Co. has a 52 week low of $33.35 and a 52 week high of $58.88. The company has a market cap of $2.45 billion, a P/E ratio of 22.89 and a beta of 1.16. The business has a 50-day simple moving average of $53.88 and a two-hundred day simple moving average of $48.94.

FB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a $0.17 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. FB Financial’s dividend payout ratio (DPR) is presently 29.69%.

Insider Activity at FB Financial

In related news, major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of $48.43 per share, with a total value of $96,860.00. Following the acquisition, the insider now owns 10,898,341 shares of the company’s stock, valued at approximately $527,806,654.63. The trade was a 0.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction 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 transaction, the director now directly owns 54,078 shares in the company, valued at approximately $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 quarter, insiders acquired 17,500 shares of company stock valued at $891,710. Company insiders own 1.70% of the company’s stock.

FB Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FB Financial (NYSE:FBK)

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