17,495 Shares in FB Financial Corporation $FBK Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of FB Financial Corporation (NYSE:FBK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,495 shares of the financial services provider’s stock, valued at approximately $793,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AlphaQuest LLC increased its holdings in FB Financial by 62.7% in the 2nd quarter. AlphaQuest LLC now owns 46,157 shares of the financial services provider’s stock valued at $2,091,000 after buying an additional 17,779 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in FB Financial in the 2nd quarter valued at $403,000. CWM LLC increased its holdings in FB Financial by 160.2% in the 2nd quarter. CWM LLC now owns 4,319 shares of the financial services provider’s stock valued at $196,000 after buying an additional 2,659 shares during the period. Inspire Investing LLC increased its holdings in FB Financial by 14.4% in the 2nd quarter. Inspire Investing LLC now owns 8,538 shares of the financial services provider’s stock valued at $387,000 after buying an additional 1,074 shares during the period. Finally, Keystone Financial Group Inc. bought a new stake in FB Financial in the 2nd quarter valued at $2,473,000. Institutional investors own 65.40% of the company’s stock.

FB Financial Stock Up 0.7%

Shares of NYSE FBK opened at $54.12 on Thursday. The firm’s 50-day simple moving average is $54.80 and its 200 day simple moving average is $49.21. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 25.29 and a beta of 0.97. FB Financial Corporation has a 12-month low of $38.83 and a 12-month high of $60.51.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Tuesday, February 15th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter. The business had revenue of $163.71 million for the quarter. FB Financial had a net margin of 11.73% and a return on equity of 10.56%. On average, equities analysts expect that FB Financial Corporation will post 3.64 earnings per share for the current year.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, November 10th. This represents a $0.76 annualized dividend and a yield of 1.4%. FB Financial’s dividend payout ratio is 35.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FBK shares. Keefe, Bruyette & Woods raised shares of FB Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $52.00 to $58.00 in a report on Friday, July 11th. Wall Street Zen raised shares of FB Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FB Financial in a report on Wednesday, October 8th. Piper Sandler upped their target price on shares of FB Financial from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $66.00 target price (up previously from $61.00) on shares of FB Financial in a report on Thursday, October 16th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.80.

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.