Heartland Advisors Inc. Has $16.04 Million Stock Holdings in FB Financial Co. (NYSE:FBK)

Heartland Advisors Inc. decreased its holdings in shares of FB Financial Co. (NYSE:FBK - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 311,415 shares of the financial services provider's stock after selling 10,044 shares during the quarter. Heartland Advisors Inc. owned approximately 0.67% of FB Financial worth $16,041,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of FB Financial during the 3rd quarter worth about $330,000. Charles Schwab Investment Management Inc. raised its holdings in FB Financial by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider's stock worth $17,521,000 after acquiring an additional 14,797 shares in the last quarter. Raymond James Trust N.A. bought a new stake in FB Financial during the third quarter worth about $201,000. The Manufacturers Life Insurance Company boosted its position in FB Financial by 7.3% during the third quarter. The Manufacturers Life Insurance Company now owns 19,284 shares of the financial services provider's stock valued at $905,000 after purchasing an additional 1,317 shares during the last quarter. Finally, FMR LLC grew its stake in FB Financial by 42.0% in the third quarter. FMR LLC now owns 7,129 shares of the financial services provider's stock valued at $335,000 after purchasing an additional 2,109 shares in the last quarter. Institutional investors own 65.40% of the company's stock.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of $52.56 per share, with a total value of $105,120.00. Following the acquisition, the insider now owns 10,919,841 shares of the company's stock, valued at $573,946,842.96. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 14,000 shares of company stock worth $710,180 over the last 90 days. Insiders own 1.70% of the company's stock.

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FB Financial Stock Performance

Shares of FBK stock traded down $0.74 during trading on Monday, hitting $46.31. The company had a trading volume of 398,697 shares, compared to its average volume of 153,040. The stock's 50-day moving average price is $50.08 and its 200 day moving average price is $50.84. FB Financial Co. has a one year low of $33.35 and a one year high of $58.88. The firm has a market capitalization of $2.16 billion, a P/E ratio of 18.75 and a beta of 1.16.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is a positive change from FB Financial's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.64%. FB Financial's dividend payout ratio (DPR) is 30.77%.

Wall Street Analysts Forecast Growth

FBK has been the subject of several recent analyst reports. Piper Sandler raised FB Financial from a "neutral" rating to an "overweight" rating and set a $58.00 price objective for the company in a report on Tuesday, March 11th. StockNews.com upgraded shares of FB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of 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, three have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.60.

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.