Empowered Funds LLC increased its stake in shares of FB Financial Co. (NYSE:FBK - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,755 shares of the financial services provider's stock after buying an additional 7,037 shares during the quarter. Empowered Funds LLC owned about 0.31% of FB Financial worth $7,508,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in shares of FB Financial during the third quarter worth about $47,000. GAMMA Investing LLC boosted its holdings in FB Financial by 45.2% in the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 314 shares in the last quarter. nVerses Capital LLC purchased a new stake in FB Financial in the 3rd quarter valued at approximately $84,000. KBC Group NV boosted its holdings in FB Financial by 36.2% in the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock valued at $108,000 after purchasing an additional 555 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in FB Financial in the 3rd quarter valued at approximately $110,000. Hedge funds and other institutional investors own 65.40% of the company's stock.
FB Financial Price Performance
Shares of FBK stock traded down $0.18 during midday trading on Friday, reaching $52.06. 113,222 shares of the company traded hands, compared to its average volume of 150,494. The firm's 50 day simple moving average is $52.58 and its two-hundred day simple moving average is $50.12. FB Financial Co. has a 1-year low of $33.35 and a 1-year high of $58.88. The firm has a market cap of $2.43 billion, a PE ratio of 21.08 and a beta of 1.15.
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, beating analysts' consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. As a group, research analysts anticipate that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.
FB Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be given a dividend of $0.19 per share. This is an increase from FB Financial's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Tuesday, February 11th. FB Financial's payout ratio is currently 30.77%.
Insider Buying and Selling
In related news, major shareholder James W. Ayers acquired 2,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average cost of $51.40 per share, for a total transaction of $102,800.00. Following the transaction, the insider now directly owns 10,913,841 shares of the company's stock, valued at approximately $560,971,427.40. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 14,000 shares of company stock worth $716,880 in the last ninety days. Insiders own 1.70% of the company's stock.
Analyst Ratings Changes
FBK has been the topic of a number of analyst reports. StockNews.com raised FB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Hovde Group lowered FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 price objective on the stock. in a report on Monday, November 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on FB Financial from $50.00 to $58.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $50.20.
View Our Latest Research Report on FBK
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.
Recommended Stories
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
