Amundi Acquires 11,452 Shares of FB Financial Co. (NYSE:FBK)

Amundi lifted its holdings in shares of FB Financial Co. (NYSE:FBK) by 185.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,611 shares of the financial services provider’s stock after purchasing an additional 11,452 shares during the period. Amundi’s holdings in FB Financial were worth $885,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FBK. Quest Partners LLC grew its holdings in shares of FB Financial by 18.0% during the third quarter. Quest Partners LLC now owns 13,610 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 2,072 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of FB Financial during the third quarter worth $1,557,000. Intech Investment Management LLC bought a new position in FB Financial in the third quarter valued at about $330,000. Charles Schwab Investment Management Inc. boosted its holdings in FB Financial by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock valued at $17,521,000 after acquiring an additional 14,797 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new position in FB Financial in the third quarter valued at about $201,000. Institutional investors own 65.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FBK. Piper Sandler upgraded FB Financial from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Tuesday, March 11th. Keefe, Bruyette & Woods raised their price target on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded 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, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.60.

FB Financial Trading Up 1.7 %

NYSE:FBK opened at $47.42 on Thursday. FB Financial Co. has a 1-year low of $33.35 and a 1-year high of $58.88. The business’s 50-day moving average price is $50.54 and its two-hundred day moving average price is $50.74. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 19.20 and a beta of 1.16.

FB Financial (NYSE:FBK) last released its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share 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%. Sell-side analysts predict that FB Financial Co. will post 3.64 earnings per share for the current year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, February 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.60%. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s dividend payout ratio (DPR) is currently 30.77%.

Insider Transactions at FB Financial

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were bought at an average price of $51.40 per share, with a total value of $102,800.00. Following the completion of the transaction, the insider now directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 16,000 shares of company stock valued at $813,900 over the last 90 days. 1.70% of the stock is owned by company insiders.

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.