FB Financial Co. (NYSE:FBK) Short Interest Up 5.1% in November

FB Financial Co. (NYSE:FBK - Get Free Report) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 574,700 shares, an increase of 5.1% from the November 15th total of 546,800 shares. Currently, 1.7% of the company's shares are short sold. Based on an average trading volume of 150,400 shares, the days-to-cover ratio is presently 3.8 days.

FB Financial Price Performance

NYSE FBK traded up $0.90 on Monday, reaching $56.01. The company had a trading volume of 99,664 shares, compared to its average volume of 146,635. FB Financial has a 1 year low of $33.35 and a 1 year high of $58.88. The firm has a 50-day moving average of $52.65 and a 200-day moving average of $46.33. The firm has a market capitalization of $2.61 billion, a PE ratio of 24.28 and a beta of 1.15.

FB Financial (NYSE:FBK - Get Free Report) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The business had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. During the same period in the prior year, the firm earned $0.71 earnings per share. As a group, sell-side analysts expect that FB Financial will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.21%. FB Financial's dividend payout ratio is presently 29.69%.

Analyst Ratings Changes

A number of research firms recently issued reports on FBK. StockNews.com downgraded shares of FB Financial from a "hold" rating to a "sell" rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods increased their price objective on shares of FB Financial from $50.00 to $58.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Finally, Hovde Group downgraded shares of FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 target price on the stock. in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, FB Financial currently has an average rating of "Hold" and a consensus price target of $50.20.

Insider Transactions at FB Financial

In other news, major shareholder James W. Ayers bought 500 shares of FB Financial stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average price of $51.00 per share, for a total transaction of $25,500.00. Following the completion of the acquisition, the insider now owns 10,906,841 shares of the company's stock, valued at $556,248,891. The trade was 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 available at the SEC website. Also, Director James W. Iv Cross sold 5,000 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the sale, the director now owns 54,078 shares of the company's stock, valued at $3,148,421.16. This represents a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 13,000 shares of company stock worth $658,460 in the last three months. Company insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FBK. Louisiana State Employees Retirement System boosted its stake in FB Financial by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the financial services provider's stock valued at $691,000 after acquiring an additional 300 shares during the last quarter. Stifel Financial Corp lifted its position in shares of FB Financial by 0.4% during the third quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider's stock worth $3,786,000 after purchasing an additional 356 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in FB Financial by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 25,895 shares of the financial services provider's stock worth $1,011,000 after purchasing an additional 412 shares in the last quarter. Victory Capital Management Inc. increased its holdings in FB Financial by 2.7% in the second quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider's stock valued at $685,000 after buying an additional 467 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in FB Financial by 0.4% during the second quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider's stock valued at $4,346,000 after buying an additional 482 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company's stock.

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.