FB Financial Co. (NYSE:FBK – Get Free Report) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 428,900 shares, an increase of 5.3% from the January 15th total of 407,400 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 157,400 shares, the short-interest ratio is currently 2.7 days.
FB Financial Stock Down 0.4 %
Shares of FBK traded down $0.18 during trading hours on Monday, reaching $52.06. 113,222 shares of the company traded hands, compared to its average volume of 140,475. FB Financial has a 12 month low of $33.35 and a 12 month high of $58.88. The company’s fifty day moving average price is $52.50 and its two-hundred day moving average price is $50.20. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 21.08 and a beta of 1.15.
FB Financial (NYSE:FBK – Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. On average, analysts expect that FB Financial will post 3.64 EPS for the current year.
FB Financial Increases Dividend
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group cut FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research note on Monday, November 18th. Finally, StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $50.20.
View Our Latest Analysis on FBK
Insider Activity
In other news, major shareholder James W. Ayers bought 2,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $51.83 per share, for a total transaction of $103,660.00. Following the completion of the acquisition, the insider now owns 10,927,841 shares of the company’s stock, valued at approximately $566,389,999.03. This trade represents a 0.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders purchased 14,000 shares of company stock valued at $716,880. Insiders own 1.70% of the company’s stock.
Hedge Funds Weigh In On FB Financial
Several institutional investors and hedge funds have recently added to or reduced their stakes in FBK. Point72 Asset Management L.P. bought a new position in shares of FB Financial in the 3rd quarter worth about $47,000. GAMMA Investing LLC lifted its holdings in shares of FB Financial by 45.2% during the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 314 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of FB Financial by 810.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 997 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of FB Financial in the 3rd quarter worth approximately $84,000. Finally, KBC Group NV raised its stake in FB Financial by 36.2% during the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock valued at $108,000 after buying an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.
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.
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