Yousif Capital Management LLC Sells 294 Shares of FB Financial Corporation (NYSE:FBK)

Yousif Capital Management LLC lowered its stake in FB Financial Corporation (NYSE:FBK) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,948 shares of the financial services provider’s stock after selling 294 shares during the period. Yousif Capital Management LLC’s holdings in FB Financial were worth $600,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new stake in shares of FB Financial in the 1st quarter valued at $228,000. Summit Global Investments increased its position in FB Financial by 2.3% in the first quarter. Summit Global Investments now owns 19,255 shares of the financial services provider’s stock worth $893,000 after purchasing an additional 429 shares during the period. GAMMA Investing LLC raised its holdings in FB Financial by 6,237.7% during the 1st quarter. GAMMA Investing LLC now owns 63,884 shares of the financial services provider’s stock worth $2,962,000 after purchasing an additional 62,876 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in FB Financial by 24.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,476 shares of the financial services provider’s stock valued at $2,961,000 after purchasing an additional 11,251 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in FB Financial during the 4th quarter valued at about $1,280,000. Institutional investors own 65.40% of the company’s stock.

Insider Activity

In other FB Financial news, Director James W. Iv Cross bought 7,200 shares of FB Financial stock in a transaction dated Wednesday, April 16th. The stock was 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 owns 61,278 shares in the company, valued at $2,481,146.22. The trade was a 13.31% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

FB Financial Price Performance

FBK stock opened at $43.12 on Friday. FB Financial Corporation has a one year low of $36.26 and a one year high of $58.88. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 15.85 and a beta of 0.91. The company has a fifty day moving average price of $43.42 and a two-hundred day moving average price of $47.74.

FB Financial (NYSE:FBK) last posted its earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. FB Financial had a net margin of 16.27% and a return on equity of 10.24%. The company had revenue of $130.67 million during the quarter, compared to analysts’ expectations of $132.28 million. During the same quarter last year, the company posted $0.85 EPS. Research analysts anticipate that FB Financial Corporation will post 3.64 EPS for the current fiscal year.

FB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, May 13th. FB Financial’s dividend payout ratio is presently 27.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Stephens lowered their target price on shares of FB Financial from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their target price on FB Financial from $58.00 to $52.00 and set a “market perform” rating for the company in a research note on Thursday, April 17th. Wall Street Zen raised FB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $60.00 to $59.00 in a report on Tuesday, April 1st. Finally, Piper Sandler dropped their target price on FB Financial from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, FB Financial has an average rating of “Hold” and a consensus price target of $53.80.

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.