B. Metzler seel. Sohn & Co. AG Decreases Holdings in FB Financial Co. (NYSE:FBK)

B. Metzler seel. Sohn & Co. AG lowered its stake in FB Financial Co. (NYSE:FBK - Free Report) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,278 shares of the financial services provider's stock after selling 5,898 shares during the period. B. Metzler seel. Sohn & Co. AG owned about 0.06% of FB Financial worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider's stock valued at $38,272,000 after buying an additional 7,021 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FB Financial by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 376,288 shares of the financial services provider's stock worth $19,383,000 after purchasing an additional 2,943 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of FB Financial by 293.8% in the 4th quarter. JPMorgan Chase & Co. now owns 262,947 shares of the financial services provider's stock valued at $13,544,000 after buying an additional 196,172 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in FB Financial by 1.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 234,264 shares of the financial services provider's stock worth $12,067,000 after acquiring an additional 4,435 shares in the last quarter. Finally, 12th Street Asset Management Company LLC grew its holdings in shares of FB Financial by 65.2% during 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 purchasing an additional 77,885 shares during the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com raised FB Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Piper Sandler increased their price objective on FB Financial from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Hovde Group raised shares of FB Financial from a "market perform" rating to an "outperform" rating and cut their target price for the company from $60.00 to $59.00 in a report on Tuesday, April 1st. Finally, Stephens dropped their price objective on shares of FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $55.40.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers acquired 2,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $52.56 per share, for a total transaction of $105,120.00. Following the acquisition, the insider now directly owns 10,919,841 shares in the company, valued at approximately $573,946,842.96. 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 the SEC website. In the last three months, insiders acquired 12,000 shares of company stock worth $607,380. 1.70% of the stock is owned by corporate insiders.

FB Financial Stock Up 0.0 %

Shares of FB Financial stock traded up $0.01 during trading on Monday, reaching $40.77. The company's stock had a trading volume of 70,751 shares, compared to its average volume of 159,281. FB Financial Co. has a 12-month low of $33.35 and a 12-month high of $58.88. The company has a market capitalization of $1.90 billion, a P/E ratio of 16.50 and a beta of 0.92. The business has a 50 day moving average price of $49.23 and a 200-day moving average price of $50.75.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share 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%. Research analysts predict that FB Financial Co. will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were given a $0.19 dividend. The ex-dividend date was Tuesday, February 11th. This is a positive change from FB Financial's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.86%. FB Financial's payout ratio is currently 30.77%.

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.