SG Americas Securities LLC Acquires 5,642 Shares of FB Financial Co. (NYSE:FBK)

SG Americas Securities LLC grew its holdings in shares of FB Financial Co. (NYSE:FBK) by 39.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,850 shares of the financial services provider’s stock after buying an additional 5,642 shares during the period. SG Americas Securities LLC’s holdings in FB Financial were worth $1,022,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after buying an additional 314 shares during the last quarter. Albert D Mason Inc. grew its holdings in shares of FB Financial by 1.5% during the 4th quarter. Albert D Mason Inc. now owns 23,474 shares of the financial services provider’s stock valued at $1,209,000 after purchasing an additional 346 shares during the last quarter. Stifel Financial Corp grew its position in FB Financial by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock worth $3,786,000 after acquiring an additional 356 shares during the last quarter. Captrust Financial Advisors grew its holdings in FB Financial by 1.9% in the 3rd quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock worth $1,611,000 after acquiring an additional 631 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of FB Financial by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 17,967 shares of the financial services provider’s stock valued at $701,000 after buying an additional 743 shares during the period. 65.40% of the stock is currently owned by institutional investors.

FB Financial Trading Down 0.6 %

Shares of NYSE FBK opened at $52.79 on Wednesday. The stock has a market capitalization of $2.46 billion, a PE ratio of 21.37 and a beta of 1.16. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88. The stock has a fifty day simple moving average of $53.46 and a 200-day simple moving average of $49.52.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. On average, equities analysts predict that FB Financial Co. will post 3.59 earnings per share for the current year.

Insider Buying and Selling at FB Financial

In other news, Director James W. Iv Cross sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the sale, the director now owns 54,078 shares in the company, valued at $3,148,421.16. This represents a 8.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder James W. Ayers acquired 1,000 shares of the stock in a transaction on Monday, November 11th. The shares were purchased 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 approximately $623,497,413.15. This represents a 0.01 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 11,000 shares of company stock worth $572,510. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FBK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price target on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group cut FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a report on Monday, November 18th. Finally, StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.