Barclays PLC Purchases 34,633 Shares of FB Financial Co. (NYSE:FBK)

Barclays PLC raised its holdings in FB Financial Co. (NYSE:FBK - Free Report) by 58.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,062 shares of the financial services provider's stock after purchasing an additional 34,633 shares during the period. Barclays PLC owned 0.20% of FB Financial worth $4,415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FBK. Point72 Asset Management L.P. bought a new position in FB Financial in the 3rd quarter worth about $47,000. nVerses Capital LLC purchased a new stake in FB Financial during the third quarter valued at about $84,000. Point72 DIFC Ltd bought a new position in shares of FB Financial during the third quarter valued at about $110,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of FB Financial in the third quarter worth about $124,000. Finally, Raymond James Trust N.A. bought a new stake in shares of FB Financial in the 3rd quarter valued at about $201,000. Institutional investors own 65.40% of the company's stock.

Insiders Place Their Bets

In other FB Financial news, major shareholder James W. Ayers acquired 2,000 shares of the business's stock in a transaction on Monday, October 21st. The shares were acquired at an average price of $48.17 per share, for a total transaction of $96,340.00. Following the completion of the acquisition, the insider now owns 10,894,341 shares in the company, valued at $524,780,405.97. This trade represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James W. Iv Cross sold 5,000 shares of FB Financial stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the transaction, the director now owns 54,078 shares of the company's stock, valued at $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have bought 13,000 shares of company stock worth $658,460. Company insiders own 1.70% of the company's stock.

FB Financial Stock Performance

Shares of FB Financial stock traded up $0.44 during midday trading on Friday, reaching $51.48. 752,092 shares of the company's stock traded hands, compared to its average volume of 149,736. The stock has a 50 day moving average of $53.34 and a 200-day moving average of $46.91. FB Financial Co. has a 12 month low of $33.35 and a 12 month high of $58.88. The company has a market cap of $2.40 billion, a PE ratio of 22.48 and a beta of 1.15.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. During the same period in the prior year, the business earned $0.71 EPS. On average, equities analysts anticipate that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.32%. FB Financial's payout ratio is 29.69%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FBK. Hovde Group lowered FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 price target on the stock. in a research report on Monday, November 18th. StockNews.com cut shares of FB Financial from a "hold" rating to a "sell" rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods upped their price target on shares of FB Financial from $50.00 to $58.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, FB Financial currently has a consensus rating of "Hold" and an average price target of $50.20.

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.