Empowered Funds LLC Has $7.51 Million Holdings in FB Financial Co. (NYSE:FBK)

Empowered Funds LLC grew its holdings in FB Financial Co. (NYSE:FBK) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,755 shares of the financial services provider’s stock after purchasing an additional 7,037 shares during the period. Empowered Funds LLC owned approximately 0.31% of FB Financial worth $7,508,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FBK. Point72 Asset Management L.P. purchased a new stake in FB Financial in the 3rd quarter worth approximately $47,000. GAMMA Investing LLC lifted its position in shares of FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after buying an additional 314 shares during the last quarter. nVerses Capital LLC bought a new stake in FB Financial during the third quarter worth approximately $84,000. KBC Group NV boosted its holdings in shares of FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after buying an additional 555 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in FB Financial during the third quarter valued at about $110,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FBK. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods increased their target price on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.20.

FB Financial Stock Performance

NYSE:FBK opened at $52.46 on Tuesday. The stock’s fifty day moving average price is $52.92 and its two-hundred day moving average price is $50.01. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 21.24 and a beta of 1.15. FB Financial Co. has a 52-week low of $33.35 and a 52-week high of $58.88.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. On average, equities analysts predict that FB Financial Co. will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.45%. This is a boost from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s payout ratio is currently 30.77%.

Insider Activity at FB Financial

In related news, major shareholder James W. Ayers bought 2,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were purchased at an average cost of $51.40 per share, for a total transaction of $102,800.00. Following the acquisition, the insider now owns 10,913,841 shares of the company’s stock, valued at approximately $560,971,427.40. This represents a 0.02 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 12,000 shares of company stock worth $613,220 in the last quarter. Corporate insiders own 1.70% 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.