Intech Investment Management LLC Has $855,000 Position in FB Financial Co. (NYSE:FBK)

Intech Investment Management LLC boosted its holdings in FB Financial Co. (NYSE:FBK - Free Report) by 136.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,595 shares of the financial services provider's stock after buying an additional 9,570 shares during the period. Intech Investment Management LLC's holdings in FB Financial were worth $855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 12th Street Asset Management Company LLC lifted its stake in shares of FB Financial by 65.2% in the 4th quarter. 12th Street Asset Management Company LLC now owns 197,300 shares of the financial services provider's stock valued at $10,163,000 after purchasing an additional 77,885 shares during the period. Simplicity Wealth LLC grew its position in shares of FB Financial by 59.4% during the 4th quarter. Simplicity Wealth LLC now owns 13,177 shares of the financial services provider's stock worth $679,000 after buying an additional 4,912 shares during the period. Amundi increased its stake in shares of FB Financial by 185.9% in the 4th quarter. Amundi now owns 17,611 shares of the financial services provider's stock valued at $885,000 after acquiring an additional 11,452 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of FB Financial in the 4th quarter valued at approximately $9,546,000. Finally, Atria Investments Inc boosted its stake in FB Financial by 75.2% during the 4th quarter. Atria Investments Inc now owns 15,651 shares of the financial services provider's stock worth $806,000 after acquiring an additional 6,716 shares during the last quarter. 65.40% of the stock is owned by institutional investors.

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Insider Activity

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were purchased at an average cost of $50.26 per share, with a total value of $100,520.00. Following the transaction, the insider now directly owns 10,915,841 shares of the company's stock, valued at $548,630,168.66. This represents a 0.02 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired 14,000 shares of company stock worth $710,180 over the last ninety days. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com raised shares of FB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Piper Sandler upgraded shares of FB Financial from a "neutral" rating to an "overweight" rating and set a $58.00 price objective for the company in a research report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods boosted their target price on FB Financial from $50.00 to $58.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $52.60.

FB Financial Stock Down 0.1 %

Shares of NYSE:FBK traded down $0.07 during midday trading on Thursday, reaching $47.97. 132,115 shares of the company were exchanged, compared to its average volume of 143,451. The firm has a market cap of $2.24 billion, a PE ratio of 19.42 and a beta of 1.16. FB Financial Co. has a fifty-two week low of $33.35 and a fifty-two week high of $58.88. The stock has a fifty day simple moving average of $50.27 and a two-hundred day simple moving average of $50.77.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. As a group, analysts forecast that FB Financial Co. will post 3.64 earnings per share 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 paid a dividend of $0.19 per share. 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 1.58%. The ex-dividend date was Tuesday, February 11th. FB Financial's dividend payout ratio (DPR) is currently 30.77%.

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.