Mirae Asset Global Investments Co. Ltd. Acquires 855 Shares of FB Financial Co. (NYSE:FBK)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in FB Financial Co. (NYSE:FBK) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,236 shares of the financial services provider’s stock after purchasing an additional 855 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in FB Financial were worth $647,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in FB Financial during the third quarter worth $71,000. PNC Financial Services Group Inc. increased its holdings in FB Financial by 17.6% during the third quarter. PNC Financial Services Group Inc. now owns 3,007 shares of the financial services provider’s stock worth $85,000 after buying an additional 449 shares during the last quarter. Hsbc Holdings PLC acquired a new position in FB Financial during the third quarter worth $206,000. Quantbot Technologies LP increased its holdings in FB Financial by 30.8% during the third quarter. Quantbot Technologies LP now owns 7,250 shares of the financial services provider’s stock worth $206,000 after buying an additional 1,706 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in FB Financial during the third quarter worth $208,000. Institutional investors own 65.40% of the company’s stock.

Insider Activity at FB Financial

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of $36.35 per share, for a total transaction of $72,700.00. Following the completion of the purchase, the insider now owns 10,886,841 shares of the company’s stock, valued at approximately $395,736,670.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder James W. Ayers acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of $36.35 per share, with a total value of $72,700.00. Following the completion of the transaction, the insider now directly owns 10,886,841 shares of the company’s stock, valued at approximately $395,736,670.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder James W. Ayers acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $35.91 per share, with a total value of $107,730.00. Following the transaction, the insider now directly owns 10,884,841 shares of the company’s stock, valued at $390,874,640.31. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by corporate insiders.

FB Financial Stock Performance

FBK stock opened at $37.91 on Friday. The company’s 50-day simple moving average is $36.10 and its 200 day simple moving average is $35.44. FB Financial Co. has a 52 week low of $24.34 and a 52 week high of $41.00. The company has a market capitalization of $1.78 billion, a PE ratio of 15.93 and a beta of 1.15.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 12th. This is an increase from FB Financial’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.79%. FB Financial’s dividend payout ratio is 28.57%.

Analyst Ratings Changes

FBK has been the topic of a number of recent analyst reports. Stephens lowered their target price on shares of FB Financial from $45.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 17th. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $40.00 to $40.50 in a report on Tuesday, April 16th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $38.00 price objective on shares of FB Financial in a report on Wednesday, April 17th. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Piper Sandler upgraded shares of FB Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $41.00 in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.43.

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.