FB Financial Co. (NYSE:FBK) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of FB Financial Co. (NYSE:FBK - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,012 shares of the financial services provider's stock after selling 14,302 shares during the period. American Century Companies Inc. owned approximately 0.37% of FB Financial worth $8,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of FB Financial in the 4th quarter valued at approximately $9,546,000. 12th Street Asset Management Company LLC lifted its position in FB Financial by 65.2% in the fourth quarter. 12th Street Asset Management Company LLC now owns 197,300 shares of the financial services provider's stock worth $10,163,000 after buying an additional 77,885 shares during the last quarter. Jane Street Group LLC boosted its stake in FB Financial by 120.6% during the third quarter. Jane Street Group LLC now owns 71,487 shares of the financial services provider's stock worth $3,355,000 after buying an additional 39,086 shares during the period. Barclays PLC increased its position in FB Financial by 58.3% during the third quarter. Barclays PLC now owns 94,062 shares of the financial services provider's stock valued at $4,415,000 after acquiring an additional 34,633 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of FB Financial by 103.7% in the third quarter. Franklin Resources Inc. now owns 42,182 shares of the financial services provider's stock valued at $2,013,000 after acquiring an additional 21,475 shares during the period. 65.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FBK. Hovde Group upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and cut their price target for the company from $60.00 to $59.00 in a report on Tuesday, April 1st. Stephens reduced their price target on FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. StockNews.com upgraded FB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Finally, Piper Sandler increased their target price on FB Financial from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, FB Financial currently has a consensus rating of "Hold" and a consensus price target of $55.40.

Insider Activity

In other news, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction dated Friday, January 10th. The shares were acquired at an average cost of $48.46 per share, for a total transaction of $96,920.00. Following the acquisition, the insider now owns 10,917,841 shares of the company's stock, valued at approximately $529,078,574.86. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have acquired 12,000 shares of company stock worth $607,380. Corporate insiders own 1.70% of the company's stock.

FB Financial Stock Performance

FBK traded down $0.21 during trading on Monday, hitting $40.55. 337,259 shares of the stock were exchanged, compared to its average volume of 160,326. The firm has a 50 day simple moving average of $48.98 and a 200 day simple moving average of $50.69. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 16.42 and a beta of 0.92. FB Financial Co. has a 1 year low of $33.35 and a 1 year high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. As a group, equities analysts anticipate that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, February 11th. This is a boost from FB Financial's previous quarterly dividend of $0.17. FB Financial's dividend payout ratio is presently 30.77%.

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.