Swiss National Bank Boosts Stock Holdings in FB Financial Co. (NYSE:FBK)

Swiss National Bank grew its position in shares of FB Financial Co. (NYSE:FBK – Get Rating) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,483 shares of the financial services provider’s stock after purchasing an additional 900 shares during the quarter. Swiss National Bank owned approximately 0.19% of FB Financial worth $3,270,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP increased its holdings in shares of FB Financial by 232.1% during the 3rd quarter. Quantbot Technologies LP now owns 1,199 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 838 shares in the last quarter. Quadrant Capital Group LLC grew its stake in FB Financial by 702.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,389 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,216 shares during the period. Point72 Hong Kong Ltd grew its stake in FB Financial by 413.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,616 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 1,301 shares during the period. SG Americas Securities LLC acquired a new stake in FB Financial in the 4th quarter valued at $119,000. Finally, Tower Research Capital LLC TRC grew its stake in FB Financial by 290.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,081 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 3,781 shares during the period. 63.98% of the stock is owned by hedge funds and other institutional investors.

FB Financial Trading Up 3.1 %

Shares of FBK opened at $28.12 on Tuesday. The firm has a market cap of $1.32 billion, a P/E ratio of 10.49 and a beta of 1.02. FB Financial Co. has a 12-month low of $24.34 and a 12-month high of $45.25. The company’s 50-day moving average price is $29.14 and its 200 day moving average price is $35.14.

FB Financial (NYSE:FBK – Get Rating) last issued its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $183.03 million for the quarter, compared to analyst estimates of $131.72 million. FB Financial had a net margin of 19.56% and a return on equity of 10.42%. During the same period in the previous year, the firm earned $0.74 EPS. Equities research analysts forecast that FB Financial Co. will post 2.67 earnings per share for the current year.

FB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 23rd. Investors of record on Tuesday, May 9th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 8th. This represents a $0.60 annualized dividend and a yield of 2.13%. FB Financial’s dividend payout ratio (DPR) is currently 22.39%.

Wall Street Analyst Weigh In

FBK has been the topic of a number of research analyst reports. DA Davidson dropped their price target on shares of FB Financial from $35.00 to $34.50 in a research note on Monday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of FB Financial from $30.00 to $29.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 19th. StockNews.com initiated coverage on shares of FB Financial in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Stephens lowered their target price on shares of FB Financial from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 19th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of FB Financial from $40.00 to $35.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.31.

Insider Activity at FB Financial

In other FB Financial news, Director Raja J. Jubran purchased 6,150 shares of the business’s stock in a transaction on Friday, March 10th. The shares were bought at an average cost of $32.39 per share, for a total transaction of $199,198.50. Following the completion of the purchase, the director now directly owns 29,039 shares of the company’s stock, valued at $940,573.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other FB Financial news, Director Raja J. Jubran purchased 6,150 shares of the business’s stock in a transaction on Friday, March 10th. The shares were bought at an average cost of $32.39 per share, for a total transaction of $199,198.50. Following the completion of the purchase, the director now directly owns 29,039 shares of the company’s stock, valued at $940,573.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder James W. Ayers purchased 6,800 shares of the business’s stock in a transaction on Tuesday, April 18th. The shares were acquired at an average price of $29.34 per share, for a total transaction of $199,512.00. Following the completion of the purchase, the insider now directly owns 10,761,791 shares of the company’s stock, valued at $315,750,947.94. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 48,185 shares of company stock worth $1,400,008. Company insiders own 1.90% of the company’s stock.

FB Financial Company Profile

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FB Financial Corp. is a bank holding company, which provides commercial and consumer banking services to clients in select markets primarily in Tennessee, North Alabama, and North Georgia through its subsidiary. It operates through the Banking and Mortgage segments. The Banking segments deals with interest on loans and investments, loan-related fees, originations in banking footprint, investment services, and deposit-related fees.