FB Financial Co. (NYSE:FBK) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its position in FB Financial Co. (NYSE:FBK - Free Report) by 37.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 706,637 shares of the financial services provider's stock after selling 423,322 shares during the period. Janus Henderson Group PLC owned about 1.51% of FB Financial worth $33,163,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its stake in shares of FB Financial by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the financial services provider's stock valued at $691,000 after buying an additional 300 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of FB Financial by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 25,895 shares of the financial services provider's stock worth $1,011,000 after purchasing an additional 412 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of FB Financial by 2.7% during the second quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider's stock worth $685,000 after purchasing an additional 467 shares during the last quarter. Rhumbline Advisers grew its position in shares of FB Financial by 0.4% in the second quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider's stock valued at $4,346,000 after purchasing an additional 482 shares during the period. Finally, Captrust Financial Advisors increased its stake in FB Financial by 1.9% in the third quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider's stock valued at $1,611,000 after purchasing an additional 631 shares during the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FB Financial

In related news, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the transaction, the director now owns 54,078 shares of the company's stock, valued at approximately $3,148,421.16. This represents a 8.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder James W. Ayers acquired 500 shares of the stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of $51.00 per share, with a total value of $25,500.00. Following the purchase, the insider now owns 10,906,841 shares in the company, valued at $556,248,891. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 13,000 shares of company stock valued at $658,460 over the last 90 days. 1.70% of the stock is owned by corporate insiders.

FB Financial Stock Performance

Shares of NYSE:FBK traded down $0.17 during midday trading on Friday, hitting $56.51. 98,556 shares of the company's stock traded hands, compared to its average volume of 137,281. The firm's fifty day moving average price is $51.65 and its two-hundred day moving average price is $45.63. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88. The company has a market cap of $2.64 billion, a PE ratio of 24.68 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 analysts' consensus estimates of $0.82 by $0.04. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. The company had revenue of $169.13 million for the quarter, compared to analysts' expectations of $127.44 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. As a group, equities research analysts anticipate that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial's dividend payout ratio is presently 29.69%.

Analyst Upgrades and Downgrades

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