SG Americas Securities LLC Grows Stock Position in FB Financial Co. (NYSE:FBK)

SG Americas Securities LLC lifted its position in FB Financial Co. (NYSE:FBK - Free Report) by 39.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,850 shares of the financial services provider's stock after buying an additional 5,642 shares during the quarter. SG Americas Securities LLC's holdings in FB Financial were worth $1,022,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in FB Financial by 7.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider's stock worth $10,786,000 after purchasing an additional 15,739 shares during the period. Geode Capital Management LLC lifted its holdings in FB Financial by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider's stock valued at $38,272,000 after purchasing an additional 7,021 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 purchasing an additional 14,797 shares during the period. Raymond James & Associates increased its holdings in shares of FB Financial by 5.0% in the third quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider's stock valued at $6,080,000 after purchasing an additional 6,183 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. bought a new position in shares of FB Financial in the third quarter valued at about $1,935,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on FBK shares. Hovde Group downgraded shares of FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 target price for the company. in a report on Monday, November 18th. Keefe, Bruyette & Woods upped their target price on FB Financial from $50.00 to $58.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised FB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, FB Financial has a consensus rating of "Hold" and a consensus price target of $50.20.

FB Financial Stock Performance

Shares of NYSE FBK traded up $0.11 during trading hours on Wednesday, hitting $52.88. 111,073 shares of the stock were exchanged, compared to its average volume of 154,854. The company's fifty day simple moving average is $53.42 and its two-hundred day simple moving average is $49.60. FB Financial Co. has a 1-year low of $33.35 and a 1-year high of $58.88. The company has a market cap of $2.47 billion, a PE ratio of 21.41 and a beta of 1.16.

FB Financial (NYSE:FBK - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, topping 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, sell-side analysts expect that FB Financial Co. will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at FB Financial

In related news, Director James W. Iv Cross sold 5,000 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the transaction, the director now directly owns 54,078 shares in the company, valued at approximately $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder James W. Ayers acquired 1,000 shares of the firm's stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $57.15 per share, with a total value of $57,150.00. Following the purchase, the insider now owns 10,909,841 shares in the company, valued at approximately $623,497,413.15. The trade was a 0.01 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 11,000 shares of company stock valued at $572,510. 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.