Amundi raised its holdings in FB Financial Co. (NYSE:FBK - Free Report) by 185.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,611 shares of the financial services provider's stock after purchasing an additional 11,452 shares during the quarter. Amundi's holdings in FB Financial were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in FB Financial in the 3rd quarter valued at approximately $47,000. GAMMA Investing LLC boosted its stake in shares of FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock worth $52,000 after acquiring an additional 314 shares in the last quarter. KBC Group NV boosted its stake in shares of FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock worth $108,000 after acquiring an additional 555 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of FB Financial during the 3rd quarter worth approximately $110,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FB Financial during the 3rd quarter worth approximately $124,000. Hedge funds and other institutional investors own 65.40% of the company's stock.
FB Financial Stock Up 0.6 %
Shares of FB Financial stock traded up $0.28 during trading on Friday, hitting $47.26. 551,692 shares of the company were exchanged, compared to its average volume of 143,142. FB Financial Co. has a fifty-two week low of $33.35 and a fifty-two week high of $58.88. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 19.13 and a beta of 1.16. The firm has a 50 day moving average price of $50.44 and a 200 day moving average price of $50.73.
FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. Analysts predict that FB Financial Co. will post 3.64 earnings per share for the current year.
FB Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were issued a $0.19 dividend. The ex-dividend date was Tuesday, February 11th. This is an increase from FB Financial's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.61%. FB Financial's payout ratio is 30.77%.
Wall Street Analysts Forecast Growth
FBK has been the topic of several research analyst reports. Piper Sandler raised FB Financial from a "neutral" rating to an "overweight" rating and set a $58.00 price target on the stock in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods boosted their price target on FB Financial from $50.00 to $58.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised FB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $52.60.
Get Our Latest Stock Report on FBK
Insider Buying and Selling at FB Financial
In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the business's stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $51.86 per share, for a total transaction of $103,720.00. Following the acquisition, the insider now owns 10,911,841 shares of the company's stock, valued at approximately $565,888,074.26. The trade was a 0.02 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders acquired 16,000 shares of company stock worth $813,900. Insiders own 1.70% of the company's stock.
About FB Financial
(
Free Report)
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.
Further Reading
Before you consider FB Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FB Financial wasn't on the list.
While FB Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
