FB Financial Corporation $FBK Shares Purchased by Toth Financial Advisory Corp

Toth Financial Advisory Corp raised its position in FB Financial Corporation (NYSE:FBK) by 883.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,680 shares of the financial services provider’s stock after purchasing an additional 16,780 shares during the period. Toth Financial Advisory Corp’s holdings in FB Financial were worth $1,042,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FBK. Savant Capital LLC lifted its stake in shares of FB Financial by 5.2% in the third quarter. Savant Capital LLC now owns 4,977 shares of the financial services provider’s stock worth $277,000 after buying an additional 245 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in FB Financial by 6.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 4,705 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 278 shares in the last quarter. UMB Bank n.a. raised its holdings in FB Financial by 155.9% in the 3rd quarter. UMB Bank n.a. now owns 481 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 293 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in FB Financial by 4.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,613 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 299 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in FB Financial by 24.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,964 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Insider Transactions at FB Financial

In other news, major shareholder James Austin Mcpherson sold 8,500 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $60.06, for a total transaction of $510,510.00. Following the sale, the insider owned 9,484 shares of the company’s stock, valued at approximately $569,609.04. This represents a 47.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded FB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Piper Sandler raised FB Financial from a “neutral” rating to an “overweight” rating and set a $65.00 price objective on the stock in a research note on Thursday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, FB Financial has an average rating of “Buy” and an average target price of $63.00.

FB Financial Stock Performance

FB Financial stock opened at $53.34 on Friday. The company has a market capitalization of $2.76 billion, a PE ratio of 22.22 and a beta of 0.98. FB Financial Corporation has a fifty-two week low of $38.83 and a fifty-two week high of $62.37. The firm has a 50 day moving average price of $55.39 and a 200 day moving average price of $55.95.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. FB Financial had a return on equity of 11.21% and a net margin of 13.07%.The business had revenue of $178.36 million during the quarter, compared to analysts’ expectations of $176.30 million. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, equities research analysts forecast that FB Financial Corporation will post 3.64 earnings per share for the current year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.6%. This is a boost from FB Financial’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, February 10th. FB Financial’s payout ratio is currently 35.00%.

About FB Financial

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company’s core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial’s service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.