Jane Street Group LLC Has $1.11 Million Position in FB Financial Co. (NYSE:FBK)

Jane Street Group LLC cut its stake in FB Financial Co. (NYSE:FBK) by 69.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,596 shares of the financial services provider’s stock after selling 49,891 shares during the quarter. Jane Street Group LLC’s holdings in FB Financial were worth $1,112,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp raised its stake in FB Financial by 15.3% in the fourth quarter. Northern Trust Corp now owns 424,882 shares of the financial services provider’s stock valued at $21,886,000 after purchasing an additional 56,474 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in shares of FB Financial by 489.5% in the fourth quarter. Tudor Investment Corp ET AL now owns 70,696 shares of the financial services provider’s stock valued at $3,642,000 after buying an additional 58,703 shares during the period. Oberweis Asset Management Inc. grew its holdings in FB Financial by 4.0% during the 4th quarter. Oberweis Asset Management Inc. now owns 123,500 shares of the financial services provider’s stock worth $6,361,000 after acquiring an additional 4,800 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in FB Financial by 12.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,293 shares of the financial services provider’s stock valued at $1,097,000 after acquiring an additional 2,341 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of FB Financial by 11.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,418 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 569 shares during the last quarter. 65.40% of the stock is owned by institutional investors.

Insider Activity at FB Financial

In other FB Financial news, Director James W. Iv Cross purchased 7,200 shares of the stock in a transaction dated Wednesday, April 16th. The shares were bought at an average price of $40.49 per share, with a total value of $291,528.00. Following the completion of the transaction, the director now directly owns 61,278 shares in the company, valued at approximately $2,481,146.22. This trade represents a 13.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James W. Ayers acquired 2,000 shares of FB Financial stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $48.51 per share, with a total value of $97,020.00. Following the completion of the purchase, the insider now directly owns 10,931,841 shares in the company, valued at $530,303,606.91. This represents a 0.02% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

FBK has been the topic of a number of recent analyst reports. Piper Sandler dropped their price objective on FB Financial from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Stephens lowered their price objective on shares of FB Financial from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $60.00 to $59.00 in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods reduced their price target on shares of FB Financial from $58.00 to $52.00 and set a “market perform” rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, FB Financial has an average rating of “Hold” and an average target price of $53.80.

FB Financial Stock Performance

FBK stock opened at $43.75 on Thursday. The business has a 50-day simple moving average of $43.99 and a two-hundred day simple moving average of $49.56. The company has a market capitalization of $2.01 billion, a P/E ratio of 17.71 and a beta of 0.93. FB Financial Co. has a 52-week low of $34.50 and a 52-week high of $58.88.

FB Financial (NYSE:FBK) last announced its earnings results on Monday, April 14th. The financial services provider reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. The company had revenue of $130.67 million during the quarter, compared to the consensus estimate of $132.28 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, sell-side analysts forecast that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, May 13th. FB Financial’s payout ratio is 27.94%.

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.