FB Financial Co. (NYSE:FBK) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in FB Financial Co. (NYSE:FBK) by 27.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,760 shares of the financial services provider’s stock after purchasing an additional 2,090 shares during the period. BNP Paribas Financial Markets’ holdings in FB Financial were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FBK. Raymond James & Associates boosted its stake in shares of FB Financial by 0.9% during the 2nd quarter. Raymond James & Associates now owns 123,362 shares of the financial services provider’s stock worth $4,815,000 after acquiring an additional 1,086 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in FB Financial by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 25,895 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 412 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in FB Financial by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 300 shares during the last quarter. Rhumbline Advisers increased its position in shares of FB Financial by 0.4% in the second quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider’s stock valued at $4,346,000 after buying an additional 482 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of FB Financial by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock worth $685,000 after buying an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

FB Financial Trading Down 0.7 %

NYSE:FBK opened at $55.09 on Friday. FB Financial Co. has a 12-month low of $33.35 and a 12-month high of $58.88. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 24.06 and a beta of 1.15. The company’s 50-day moving average is $52.47 and its two-hundred day moving average is $46.07.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $169.13 million for the quarter, compared to the consensus estimate of $127.44 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, equities research analysts forecast that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is 29.69%.

Analyst Ratings Changes

A number of brokerages recently commented on FBK. Hovde Group cut 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 research note on Monday, November 18th. Keefe, Bruyette & Woods increased their price target on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, FB Financial presently has an average rating of “Hold” and an average price target of $50.20.

Insider Activity

In related news, major shareholder James W. Ayers bought 500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $51.00 per share, with a total value of $25,500.00. Following the completion of the transaction, the insider now owns 10,906,841 shares of the company’s stock, valued at approximately $556,248,891. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James W. Iv Cross sold 5,000 shares of the business’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 of the company’s stock, valued at approximately $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 13,000 shares of company stock valued at $658,460 over the last quarter. Company insiders own 1.70% of the company’s stock.

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.