Jane Street Group LLC Acquires 39,086 Shares of FB Financial Co. (NYSE:FBK)

Jane Street Group LLC grew its position in shares of FB Financial Co. (NYSE:FBK - Free Report) by 120.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,487 shares of the financial services provider's stock after buying an additional 39,086 shares during the quarter. Jane Street Group LLC owned approximately 0.15% of FB Financial worth $3,355,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FBK shares. StockNews.com cut shares of FB Financial from a "hold" rating to a "sell" rating in a research 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 for the company. in a report on Monday, November 18th. Finally, Keefe, Bruyette & Woods upped their price objective on FB Financial from $50.00 to $58.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, FB Financial has a consensus rating of "Hold" and a consensus target price of $50.20.

Insiders Place Their Bets

In other FB Financial news, 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 value of $291,100.00. Following the transaction, the director now owns 54,078 shares of the company's stock, valued at approximately $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder James W. Ayers acquired 2,000 shares of the stock in a transaction dated Monday, October 21st. The shares were bought at an average cost of $48.17 per share, with a total value of $96,340.00. Following the transaction, the insider now directly owns 10,894,341 shares of the company's stock, valued at $524,780,405.97. This represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 13,000 shares of company stock worth $658,460. Corporate insiders own 1.70% of the company's stock.

FB Financial Stock Up 0.9 %

NYSE FBK traded up $0.44 on Friday, reaching $51.48. The company had a trading volume of 752,092 shares, compared to its average volume of 149,736. FB Financial Co. has a 52 week low of $33.35 and a 52 week high of $58.88. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 22.48 and a beta of 1.15. The stock's 50 day moving average is $53.34 and its 200-day moving average is $46.76.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The business had revenue of $169.13 million for the quarter, compared to the consensus estimate of $127.44 million. During the same period last year, the company posted $0.71 EPS. As a group, analysts forecast that FB Financial Co. will post 3.38 EPS for the current year.

FB Financial Dividend Announcement

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

About FB Financial

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.