Rosenthal Henry Capital Advisors Inc. Acquires Shares of 41,237 FB Financial Co. (NYSE:FBK)

Rosenthal Henry Capital Advisors Inc. acquired a new stake in FB Financial Co. (NYSE:FBK - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 41,237 shares of the financial services provider's stock, valued at approximately $1,935,000. FB Financial accounts for about 1.9% of Rosenthal Henry Capital Advisors Inc.'s investment portfolio, making the stock its 26th biggest holding. Rosenthal Henry Capital Advisors Inc. owned about 0.09% of FB Financial as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of FB Financial by 0.4% in the 1st 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 grew its holdings in shares of FB Financial by 5.8% during 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 buying an additional 106,553 shares in the last quarter. Janus Henderson Group PLC raised its position in FB Financial by 3.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,136,818 shares of the financial services provider's stock valued at $42,812,000 after buying an additional 33,310 shares during the last quarter. Heartland Advisors Inc. lifted its stake in FB Financial by 22.0% in the 1st quarter. Heartland Advisors Inc. now owns 318,622 shares of the financial services provider's stock valued at $11,999,000 after acquiring an additional 57,355 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in FB Financial by 7.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider's stock worth $10,786,000 after acquiring an additional 15,739 shares during the last quarter. 65.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FBK has been the topic of a number of recent research reports. StockNews.com downgraded shares of FB Financial from a "hold" rating to a "sell" rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of FB Financial from $48.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 16th. Hovde Group increased their price objective on shares of FB Financial from $52.50 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Stephens reaffirmed an "overweight" rating and issued a $45.00 target price on shares of FB Financial in a research report on Tuesday, July 16th. Finally, Piper Sandler lowered FB Financial from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $41.00 to $46.00 in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $47.80.

FB Financial Trading Down 0.6 %

Shares of FB Financial stock traded down $0.29 during trading on Friday, hitting $48.91. 107,481 shares of the stock were exchanged, compared to its average volume of 145,439. FB Financial Co. has a 1-year low of $29.55 and a 1-year high of $51.63. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.36 and a beta of 1.13. The company has a fifty day moving average price of $47.33 and a 200-day moving average price of $42.57.

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, topping analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $169.13 million for the quarter, compared to the consensus estimate of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same quarter in the previous year, the business earned $0.71 earnings per share. Equities research analysts forecast that FB Financial Co. will post 3.34 EPS for the current fiscal year.

FB Financial Dividend Announcement

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 paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 5th. FB Financial's dividend payout ratio (DPR) is presently 29.69%.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction that occurred on Monday, October 21st. The stock was acquired at an average price of $48.17 per share, with a total value of $96,340.00. Following the acquisition, the insider now owns 10,894,341 shares of the company's stock, valued at approximately $524,780,405.97. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder James W. Ayers acquired 1,500 shares of the stock in a transaction on 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 transaction, the insider now directly owns 10,892,341 shares of the company's stock, valued at approximately $540,042,266.78. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James W. Ayers purchased 2,000 shares of the company's stock in a transaction dated Monday, October 21st. The stock was acquired at an average price of $48.17 per share, with a total value of $96,340.00. Following the completion of the transaction, the insider now owns 10,894,341 shares of the company's stock, valued at $524,780,405.97. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 10,000 shares of company stock valued at $489,910 in the last quarter. 1.70% of the stock is currently owned by insiders.

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.