FB Financial Co. (NYSE:FBK) shares sold by First Trust Advisors LP

Financial Advisors


First Trust Advisors LP reduced its position in FB Financial Company (NYSE: FBK – Get Rating) by 59.7% during the fourth quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor owned 31,376 shares in the financial services provider after he sold 46,538 shares during the quarter. First Trust Advisors LP said he owned $1,134,000 at the end of the most recent reporting period, equivalent to approximately 0.07% of FB Financial.

Other hedge funds and several institutional investors have also recently bought and sold shares. Quantbot Technologies LP expanded his FB Financial position by 232.1% in the third quarter. Quantbot Technologies LP purchased an additional 838 shares last quarter and now owns 1,199 shares worth $45,000 in the financial services provider. Quadrant Capital Group LLC increased its stake in FB Financial by 702.9% in the third quarter. Quadrant Capital Group LLC now owns 1,389 shares of the financial services provider worth $53,000 after purchasing an additional 1,216 shares during the period. Point72 Hong Kong Ltd increased his stake in FB Financial shares by 413.0% in the first quarter. Point72 Hong Kong Limited now owns 1,616 shares of the financial services provider worth $72,000 after purchasing an additional 1,301 of his shares during the period. SG Americas Securities LLC acquired new shares in FB Financial for a value of $119,000 in the fourth quarter. Finally, Tower Research Capital LLC TRC increased his FB Financial stock holding by 290.8% during the third quarter. Tower Research Capital LLC TRC purchased an additional 3,781 shares during the period and now owns 5,081 shares of the financial services provider, valued at $194,000. Institutional investors and hedge funds currently hold 63.98% of the shares.

FB financial stock performance

NYSE FBK shares opened at $28.05 on Tuesday. FB Financial hit a 52-week low of $24.34 and a 52-week high of $45.25. The stock has a market cap of $1.31 billion, a P/E price of 10.47 times, and a beta of 1.02 times. The stock has a 50-day moving average of $28.43 and a 200-day moving average of $34.14.

FB Financial (NYSE:FBK – Get Rating) last released quarterly earnings data on Tuesday, April 18. The financial services provider reported his EPS of $0.76 for the quarter, beating analyst consensus expectations of $0.74 by $0.02. FB Financial’s return on equity was 10.42% and net profit margin was 19.56%. The company posted revenue of $183.03 million for the quarter, compared with analyst expectations of $131.72 million. The company posted earnings per share of $0.74 in the year-ago quarter. Equity research analysts expect FB Financial to earn $2.67 per share this year.

FB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid out on Tuesday, May 23rd. His dividend of $0.15 per share was issued to investors of record on Tuesday, May 9. The ex-dividend date for this dividend was Monday, May 8. This equates to an annualized dividend of $0.60 and a yield of 2.14%. FB Financial’s Dividend Payout Ratio (DPR) is currently at 22.39%.

insider trading

In other news, major shareholder James W. Ayers bought 6,800 shares of the company in a transaction on Tuesday, April 18. The shares were purchased at his average price per share of $29.34, giving him a total of $199,512.00. Following the transaction, the insider directly owned 10,761,791 shares of the company, valued at $315,759,47.94. The acquisition was disclosed in documents filed with the SEC, which are available on the SEC’s website. In related news, director Raja J. Juvran purchased 6,150 shares of FB Financial shares in a transaction that took place on Friday, March 10. Shares were acquired at an average price of $32.39 per share for him, bringing the total transaction value to $199,198.50. Following this transaction, the directors became direct owners of 29,039 shares of the company, valued at $940,573.21. The transaction was disclosed in documents filed with the Securities and Exchange Commission and can be accessed on the SEC’s website. Major shareholder James W. Ayers acquired 6,800 shares of the company in a transaction on Tuesday, April 18. The shares were acquired at an average price of $29.34 per share for an aggregate amount of $199,512.00. Post-acquisition, the insider owns 10,761,791 shares in the company, valued at approximately $315,759,47.94. Disclosure information regarding this acquisition can be found here. In the past 90 days, insiders have purchased 67,185 shares of the company, valued at $1,943,338. 1.90% of the shares are owned by corporate insiders.

Analysts set new price target

FBK has been the subject of many recent analyst reports. Stevens lowered his price target on FB Financial shares from $35.00 to $34.00 and set the company’s rating to “equal weight,” in a research report on Wednesday, April 19. Davidson lowered his price target on FB Financial shares from $35.00 to $34.50 in an investigative report on Monday, April 24. StockNews.com began covering FB Financial shares in a research report on Thursday, May 18th. They set a “Hold” rating on the stock. Keefe, Bruyette & Woods lowered its price target on FB Financial shares from $40.00 to $35.00 and set a “market performance” rating for the stock in a research report on Thursday, April 6. Finally, TheStreet downgraded FB Financial from a ‘b-‘ rating to a ‘c+’ rating in a report on Tuesday, May 30. One investment analyst rated the stock as a “sell” and seven rated it as a “hold.” According to MarketBeat.com, FB Financial has an average rating of “Hold” and an average price target of $38.31.

FB Financial Company Profile

(get rating)

FB Financial Corp. is a bank holding company that, through its subsidiaries, provides commercial and consumer banking services to customers primarily in certain markets in Tennessee, North Alabama and North Georgia. It operates through its banking and mortgage divisions. The banking sector deals with interest on loans and investments, loan-related fees, banking initiation, investment services, and deposit-related fees.

Related item

Want to know if other hedge funds hold FBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for FB Financial Co. (NYSE: FBK – Get Rating).

Quarterly Institutional Ownership of FB Financial (NYSE:FBK)

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