Systematic Financial Management LP Makes New $565,000 Investment in FB Financial Co. (NYSE:FBK)

Systematic Financial Management LP bought a new position in FB Financial Co. (NYSE:FBK - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,045 shares of the financial services provider's stock, valued at approximately $565,000.

Several other institutional investors also recently modified their holdings of the business. Point72 DIFC Ltd bought a new stake in FB Financial during the third quarter worth about $110,000. Point72 Asset Management L.P. purchased a new position in shares of FB Financial during the third quarter valued at approximately $47,000. Hotchkis & Wiley Capital Management LLC boosted its position in shares of FB Financial by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 76,455 shares of the financial services provider's stock worth $3,588,000 after purchasing an additional 800 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FB Financial in the 3rd quarter worth approximately $124,000. Finally, Wasatch Advisors LP increased its position in FB Financial by 4.7% during the 3rd quarter. Wasatch Advisors LP now owns 1,225,838 shares of the financial services provider's stock valued at $57,529,000 after buying an additional 55,071 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FB Financial

In related news, Director James W. Iv Cross sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the transaction, the director now owns 54,078 shares of the company's stock, valued at approximately $3,148,421.16. This trade represents a 8.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder James W. Ayers bought 1,500 shares of FB Financial stock in a transaction on Friday, October 18th. The shares were acquired at an average cost of $49.58 per share, with a total value of $74,370.00. Following the completion of the acquisition, the insider now owns 10,892,341 shares of the company's stock, valued at $540,042,266.78. The trade was a 0.01 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 13,000 shares of company stock worth $658,460. Insiders own 1.70% of the company's stock.

FB Financial Stock Performance

Shares of NYSE:FBK traded down $0.17 during midday trading on Friday, reaching $56.51. 98,556 shares of the company's stock traded hands, compared to its average volume of 137,281. FB Financial Co. has a one year low of $33.35 and a one year high of $58.88. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 24.68 and a beta of 1.15. The stock has a 50 day moving average of $51.65 and a 200 day moving average of $45.63.

FB Financial (NYSE:FBK - Get Free Report) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $127.44 million. During the same quarter in the prior year, the business earned $0.71 EPS. Sell-side analysts predict that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, November 5th. FB Financial's dividend payout ratio (DPR) is presently 29.69%.

Analysts Set New Price Targets

Several equities research analysts have commented on FBK shares. Hovde Group downgraded FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 target price on the stock. in a report on Monday, November 18th. Keefe, Bruyette & Woods upped their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, StockNews.com downgraded shares of FB Financial from a "hold" rating to a "sell" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $50.20.

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.