TBH Global Asset Management LLC Sells 10,000 Shares of FB Financial Co. (NYSE:FBK)

TBH Global Asset Management LLC lowered its stake in shares of FB Financial Co. (NYSE:FBK - Free Report) by 64.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,500 shares of the financial services provider's stock after selling 10,000 shares during the quarter. TBH Global Asset Management LLC's holdings in FB Financial were worth $283,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FBK. Wasatch Advisors LP raised its position in shares of FB Financial by 4.7% in 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. Geode Capital Management LLC increased its stake in FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider's stock valued at $38,272,000 after acquiring an additional 7,021 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $17,521,000 after purchasing an additional 14,797 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in FB Financial by 1.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 234,264 shares of the financial services provider's stock worth $12,067,000 after purchasing an additional 4,435 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of FB Financial by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 186,201 shares of the financial services provider's stock valued at $9,591,000 after purchasing an additional 6,612 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company's stock.

Insider Transactions at FB Financial

In related news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $51.86 per share, with a total value of $103,720.00. Following the transaction, the insider now directly owns 10,911,841 shares in the company, valued at approximately $565,888,074.26. This trade represents a 0.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have acquired 14,000 shares of company stock worth $716,880. Company insiders own 1.70% of the company's stock.

FB Financial Trading Down 2.4 %

FBK traded down $1.24 on Friday, reaching $49.75. The stock had a trading volume of 124,854 shares, compared to its average volume of 144,760. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 20.14 and a beta of 1.15. FB Financial Co. has a fifty-two week low of $33.35 and a fifty-two week high of $58.88. The firm has a 50-day moving average of $52.18 and a 200-day moving average of $50.33.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. Sell-side analysts anticipate that FB Financial Co. will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.53%. This is an increase from FB Financial's previous quarterly dividend of $0.17. FB Financial's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com raised FB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Hovde Group downgraded FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 target price for the company. in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods raised their price target on shares of 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, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $50.20.

FB Financial 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.