FB Financial Co. (NYSE:FBK) Short Interest Update

FB Financial Co. (NYSE:FBK - Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 459,600 shares, a decline of 9.9% from the October 15th total of 509,900 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 146,300 shares, the days-to-cover ratio is currently 3.1 days.

FB Financial Trading Down 0.5 %

Shares of FBK stock traded down $0.28 during trading hours on Tuesday, reaching $54.50. The company's stock had a trading volume of 33,261 shares, compared to its average volume of 148,187. FB Financial has a one year low of $32.09 and a one year high of $58.88. The stock has a market capitalization of $2.54 billion, a P/E ratio of 23.92 and a beta of 1.12. The firm's fifty day simple moving average is $48.99 and its 200 day simple moving average is $43.96.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (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 during the quarter, compared to the consensus estimate of $127.44 million. During the same period last year, the company earned $0.71 earnings per share. As a group, equities research analysts forecast that FB Financial will post 3.38 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, November 5th. FB Financial's dividend payout ratio (DPR) is 29.69%.

Wall Street Analyst Weigh In

A number of brokerages have commented on FBK. StockNews.com cut FB Financial from a "hold" rating to a "sell" rating in a report on Friday, November 8th. Hovde Group lowered shares of FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 price target on the stock. in a research note on Monday. Finally, Keefe, Bruyette & Woods upped their target price on shares of FB Financial from $48.00 to $50.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $48.60.

Insider Buying and Selling at FB Financial

In other FB Financial news, major shareholder James W. Ayers acquired 1,500 shares of the stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $49.58 per share, for a total transaction of $74,370.00. Following the purchase, the insider now directly owns 10,892,341 shares of the company's stock, valued at approximately $540,042,266.78. This trade represents a 0.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James W. Iv Cross sold 5,000 shares of the business's 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 sale, the director now owns 54,078 shares in the company, valued at $3,148,421.16. This represents a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought a total of 13,000 shares of company stock worth $658,460 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of FB Financial

A number of institutional investors have recently bought and sold shares of FBK. Vanguard Group Inc. raised its stake in shares of FB Financial by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,464,295 shares of the financial services provider's stock valued at $92,805,000 after purchasing an additional 9,694 shares during the period. Dimensional Fund Advisors LP raised its position in FB Financial by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider's stock worth $75,623,000 after acquiring an additional 106,553 shares in the last quarter. Wasatch Advisors LP raised its position in FB Financial by 4.7% in the third quarter. Wasatch Advisors LP now owns 1,225,838 shares of the financial services provider's stock worth $57,529,000 after acquiring an additional 55,071 shares in the last quarter. Janus Henderson Group PLC raised its holdings in FB Financial by 3.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,136,818 shares of the financial services provider's stock worth $42,812,000 after buying an additional 33,310 shares during the period. Finally, Geode Capital Management LLC grew its stake in FB Financial by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider's stock valued at $38,272,000 after acquiring an additional 7,021 shares in the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

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.