FB Financial Co. (NYSE:FBK) Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in FB Financial Co. (NYSE:FBK) by 24.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,017 shares of the financial services provider’s stock after acquiring an additional 1,999 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FB Financial were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FBK. Mariner LLC lifted its position in FB Financial by 1.6% in the third quarter. Mariner LLC now owns 20,087 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 323 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of FB Financial by 17.6% in the third quarter. PNC Financial Services Group Inc. now owns 3,007 shares of the financial services provider’s stock valued at $85,000 after buying an additional 449 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in FB Financial by 5.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,236 shares of the financial services provider’s stock valued at $647,000 after buying an additional 855 shares in the last quarter. Stifel Financial Corp grew its holdings in FB Financial by 1.5% during the third quarter. Stifel Financial Corp now owns 65,793 shares of the financial services provider’s stock worth $1,866,000 after acquiring an additional 950 shares during the period. Finally, Swiss National Bank raised its position in FB Financial by 1.5% in the third quarter. Swiss National Bank now owns 82,283 shares of the financial services provider’s stock worth $2,334,000 after acquiring an additional 1,200 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors.

Insider Activity at FB Financial

In other FB Financial news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were bought at an average price of $36.35 per share, with a total value of $72,700.00. Following the purchase, the insider now directly owns 10,886,841 shares in the company, valued at approximately $395,736,670.35. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other FB Financial news, major shareholder James W. Ayers bought 3,000 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 10,884,841 shares of the company’s stock, valued at approximately $390,874,640.31. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was purchased at an average cost of $36.35 per share, for a total transaction of $72,700.00. Following the transaction, the insider now owns 10,886,841 shares of the company’s stock, valued at $395,736,670.35. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FBK. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of FB Financial in a research note on Wednesday, April 17th. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $40.50 in a research report on Tuesday, April 16th. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Stephens reduced their price objective on FB Financial from $45.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. boosted their target price on FB Financial from $41.00 to $43.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.43.

FB Financial Stock Up 0.7 %

Shares of NYSE:FBK opened at $38.55 on Friday. The company’s fifty day moving average is $36.17 and its two-hundred day moving average is $35.75. The company has a market cap of $1.81 billion, a P/E ratio of 16.20 and a beta of 1.12. FB Financial Co. has a 12-month low of $24.34 and a 12-month high of $41.00.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, May 13th. FB Financial’s payout ratio is 28.57%.

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.