FB Financial Co. (NYSE:FBK) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in FB Financial Co. (NYSE:FBK) by 120.6% in the third quarter, HoldingsChannel reports. The firm owned 71,487 shares of the financial services provider’s stock after purchasing an additional 39,086 shares during the period. Jane Street Group LLC’s holdings in FB Financial were worth $3,355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in shares of FB Financial in the 3rd quarter valued at approximately $47,000. nVerses Capital LLC bought a new stake in shares of FB Financial in the third quarter worth $84,000. Point72 DIFC Ltd acquired a new stake in FB Financial in the third quarter valued at $110,000. Point72 Asia Singapore Pte. Ltd. bought a new position in FB Financial during the 3rd quarter valued at $124,000. Finally, Raymond James Trust N.A. acquired a new position in FB Financial during the 3rd quarter worth $201,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have 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 target on the stock. in a research report on Monday, November 18th. Keefe, Bruyette & Woods upped their price objective on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Two equities 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.20.

Insider Transactions at FB Financial

In other FB Financial news, Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $58.22, for a total transaction of $291,100.00. Following the completion of the transaction, the director now owns 54,078 shares in the company, valued at approximately $3,148,421.16. The trade was a 8.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder James W. Ayers purchased 1,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $57.15 per share, with a total value of $57,150.00. Following the purchase, the insider now owns 10,909,841 shares of the company’s stock, 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. Over the last quarter, insiders bought 13,000 shares of company stock worth $658,460. Insiders own 1.70% of the company’s stock.

FB Financial Stock Down 1.0 %

FBK opened at $51.04 on Friday. The company’s 50-day moving average price is $53.26 and its 200 day moving average price is $46.66. FB Financial Co. has a fifty-two week low of $33.35 and a fifty-two week high of $58.88. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 22.29 and a beta of 1.15.

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

FB Financial Dividend Announcement

The company also recently declared 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 1.33%. The ex-dividend date was Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is 29.69%.

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.