FB Financial Co. (NYSE:FBK) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in FB Financial Co. (NYSE:FBK - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804,373 shares of the financial services provider's stock after selling 10,988 shares during the period. Geode Capital Management LLC owned about 1.72% of FB Financial worth $41,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock worth $52,000 after acquiring an additional 314 shares in the last quarter. Albert D Mason Inc. raised its stake in FB Financial by 1.5% in the fourth quarter. Albert D Mason Inc. now owns 23,474 shares of the financial services provider's stock valued at $1,209,000 after buying an additional 346 shares in the last quarter. Stifel Financial Corp lifted its holdings in FB Financial by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider's stock worth $3,786,000 after buying an additional 356 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of FB Financial by 1.6% during the 4th quarter. Teacher Retirement System of Texas now owns 25,528 shares of the financial services provider's stock worth $1,315,000 after acquiring an additional 412 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock worth $108,000 after acquiring an additional 555 shares in the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director James W. Iv Cross purchased 7,200 shares of the business's stock in a transaction dated Wednesday, April 16th. The stock was acquired at an average price of $40.49 per share, for a total transaction of $291,528.00. Following the acquisition, the director now directly owns 61,278 shares of the company's stock, valued at $2,481,146.22. This trade represents a 13.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James W. Ayers acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average cost of $52.07 per share, for a total transaction of $104,140.00. Following the acquisition, the insider now owns 10,921,841 shares of the company's stock, valued at $568,700,260.87. This represents a 0.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 15,200 shares of company stock valued at $701,468 over the last quarter. Company insiders own 1.70% of the company's stock.

FB Financial Stock Performance

FB Financial stock traded up $0.08 during mid-day trading on Friday, reaching $40.56. 289,586 shares of the company were exchanged, compared to its average volume of 165,517. FB Financial Co. has a twelve month low of $34.50 and a twelve month high of $58.88. The firm's 50-day simple moving average is $46.58 and its two-hundred day simple moving average is $50.21. The firm has a market cap of $1.89 billion, a PE ratio of 16.42 and a beta of 0.92.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. The company had revenue of $130.67 million for the quarter, compared to analysts' expectations of $132.28 million. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. During the same period in the previous year, the company posted $0.85 EPS. As a group, equities research analysts anticipate that FB Financial Co. will post 3.64 EPS for the current year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were issued a $0.19 dividend. This is a boost from FB Financial's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 11th. FB Financial's dividend payout ratio (DPR) is currently 27.94%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FBK. StockNews.com upgraded FB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Stephens dropped their price objective on FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their target price on FB Financial from $58.00 to $52.00 and set a "market perform" rating for the company in a report on Thursday. Hovde Group upgraded FB Financial from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $60.00 to $59.00 in a research note on Tuesday, April 1st. Finally, Piper Sandler decreased their price objective on FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, FB Financial currently has an average rating of "Hold" and a consensus target price of $53.80.

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.