MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in FB Financial Co. (NYSE:FBK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in FB Financial Co. (NYSE:FBK) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,219 shares of the financial services provider’s stock after buying an additional 790 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in FB Financial were worth $1,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FBK. SG Americas Securities LLC boosted its holdings in shares of FB Financial by 39.7% during the 4th quarter. SG Americas Securities LLC now owns 19,850 shares of the financial services provider’s stock valued at $1,022,000 after buying an additional 5,642 shares in the last quarter. Barclays PLC boosted its stake in FB Financial by 58.3% during the third quarter. Barclays PLC now owns 94,062 shares of the financial services provider’s stock worth $4,415,000 after acquiring an additional 34,633 shares in the last quarter. Intech Investment Management LLC grew its holdings in FB Financial by 136.2% in the fourth quarter. Intech Investment Management LLC now owns 16,595 shares of the financial services provider’s stock worth $855,000 after purchasing an additional 9,570 shares during the period. Ameriprise Financial Inc. increased its stake in shares of FB Financial by 1.3% during the fourth quarter. Ameriprise Financial Inc. now owns 274,427 shares of the financial services provider’s stock valued at $14,136,000 after purchasing an additional 3,492 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of FB Financial by 5.1% during the fourth quarter. Empowered Funds LLC now owns 145,755 shares of the financial services provider’s stock valued at $7,508,000 after purchasing an additional 7,037 shares in the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FBK shares. Wall Street Zen raised FB Financial from a “sell” rating to a “hold” rating in a research note on Thursday. 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 research report on Thursday, April 17th. Piper Sandler lowered their target price on shares of FB Financial from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Stephens lowered their price target on FB Financial from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Hovde Group raised FB Financial from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $60.00 to $59.00 in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $53.80.

Insider Buying and Selling at FB Financial

In other news, Director James W. Iv Cross bought 7,200 shares of the stock in a transaction on Wednesday, April 16th. The stock was acquired at an average cost of $40.49 per share, for a total transaction of $291,528.00. Following the acquisition, the director now owns 61,278 shares of the company’s stock, valued at $2,481,146.22. This represents a 13.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder James W. Ayers acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $48.51 per share, with a total value of $97,020.00. Following the completion of the purchase, the insider now owns 10,931,841 shares of the company’s stock, valued at $530,303,606.91. This trade represents a 0.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

FB Financial Price Performance

Shares of NYSE FBK opened at $43.60 on Monday. FB Financial Co. has a 1 year low of $34.50 and a 1 year high of $58.88. The firm has a fifty day moving average price of $43.87 and a 200-day moving average price of $49.41. The stock has a market cap of $2.00 billion, a PE ratio of 17.65 and a beta of 0.93.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Monday, April 14th. The financial services provider reported $0.85 EPS for the quarter, meeting analysts’ consensus estimates of $0.85. The business had revenue of $130.67 million for the quarter, compared to analysts’ expectations of $132.28 million. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. During the same period last year, the firm earned $0.85 earnings per share. On average, research analysts expect that FB Financial Co. will post 3.64 EPS for the current year.

FB Financial Dividend Announcement

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