Mirae Asset Global Investments Co. Ltd. Has $647,000 Holdings in FB Financial Co. (NYSE:FBK)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of FB Financial Co. (NYSE:FBK) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,236 shares of the financial services provider’s stock after acquiring an additional 855 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in FB Financial were worth $647,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its position in FB Financial by 261.5% during the third quarter. SG Americas Securities LLC now owns 21,203 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 15,337 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in FB Financial by 35.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,018 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 2,102 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in FB Financial by 2.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 181,532 shares of the financial services provider’s stock valued at $5,148,000 after purchasing an additional 4,615 shares in the last quarter. Wakefield Asset Management LLLP purchased a new position in FB Financial during the third quarter valued at approximately $648,000. Finally, Jackson Creek Investment Advisors LLC purchased a new position in FB Financial during the third quarter valued at approximately $837,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Analyst Ratings Changes

FBK has been the topic of a number of research analyst reports. Hovde Group raised shares of FB Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $40.50 in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $38.00 target price on shares of FB Financial in a research report on Wednesday, April 17th. StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Stephens decreased their target price on shares of FB Financial from $45.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 17th. Finally, Piper Sandler raised shares of FB Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $41.00 in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.43.

Insider Buying and Selling

In other news, major shareholder James W. Ayers acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost of $35.91 per share, with a total value of $107,730.00. Following the acquisition, the insider now owns 10,884,841 shares in the company, valued at $390,874,640.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder James W. Ayers bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average cost of $36.35 per share, for a total transaction of $72,700.00. Following the purchase, the insider now directly owns 10,886,841 shares in the company, valued at $395,736,670.35. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder James W. Ayers bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average price of $35.91 per share, with a total value of $107,730.00. Following the completion of the purchase, the insider now owns 10,884,841 shares in the company, valued at $390,874,640.31. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

FB Financial Trading Down 1.3 %

NYSE FBK opened at $37.91 on Friday. The company has a fifty day simple moving average of $36.10 and a 200 day simple moving average of $35.44. The company has a market cap of $1.78 billion, a P/E ratio of 15.93 and a beta of 1.15. FB Financial Co. has a 1 year low of $24.34 and a 1 year high of $41.00.

FB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a dividend of $0.17 per share. This is an increase from FB Financial’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Monday, February 12th. FB Financial’s dividend payout ratio is currently 28.57%.

FB Financial 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.