FB Financial Co. (NYSE:FBK) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of FB Financial Co. (NYSE:FBK) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,471 shares of the financial services provider’s stock after selling 1,784 shares during the period. Thrivent Financial for Lutherans’ holdings in FB Financial were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBK. nVerses Capital LLC acquired a new position in shares of FB Financial in the third quarter worth about $84,000. Entropy Technologies LP acquired a new position in FB Financial in the 3rd quarter worth about $202,000. Renaissance Technologies LLC purchased a new position in FB Financial during the second quarter worth approximately $217,000. B. Riley Wealth Advisors Inc. grew its holdings in FB Financial by 17.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 1,067 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of FB Financial by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,146 shares of the financial services provider’s stock valued at $383,000 after buying an additional 1,424 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FB Financial

In other news, Director James W. Iv Cross sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction 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 trade represents a 8.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder James W. Ayers acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of $48.13 per share, for a total transaction of $96,260.00. Following the completion of the acquisition, the insider now directly owns 10,902,341 shares of the company’s stock, valued at $524,729,672.33. The trade was a 0.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,000 shares of company stock worth $658,460 in the last ninety days. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FBK. Keefe, Bruyette & Woods lifted their price target on shares of FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, October 16th. StockNews.com downgraded shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research note on Monday, November 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.60.

FB Financial Stock Performance

NYSE FBK opened at $56.45 on Monday. The business has a fifty day moving average price of $50.65 and a 200 day moving average price of $45.06. The company has a market cap of $2.63 billion, a P/E ratio of 24.65 and a beta of 1.12. FB Financial Co. has a one year low of $32.82 and a one year high of $58.88.

FB Financial (NYSE:FBK) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $169.13 million during the quarter, compared to analysts’ expectations of $127.44 million. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. During the same period in the prior year, the business earned $0.71 earnings per share. As a group, sell-side analysts predict that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is 29.69%.

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.