1,000 Shares in FB Financial Co. (NYSE:FBK) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in FB Financial Co. (NYSE:FBK) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,000 shares of the financial services provider’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBK. nVerses Capital LLC purchased a new stake in FB Financial in the third quarter worth about $84,000. Point72 Asia Singapore Pte. Ltd. bought a new position in FB Financial in the 3rd quarter worth about $124,000. Raymond James Trust N.A. bought a new position in shares of FB Financial in the third quarter worth approximately $201,000. Entropy Technologies LP bought a new position in FB Financial in the 3rd quarter valued at approximately $202,000. Finally, Martingale Asset Management L P bought a new position in shares of FB Financial during the third quarter valued at $254,000. 65.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FBK shares. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a report on Monday, November 18th. Finally, Keefe, Bruyette & Woods lifted 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.20.

FB Financial Trading Down 0.7 %

Shares of NYSE FBK opened at $55.09 on Friday. FB Financial Co. has a 12-month low of $33.35 and a 12-month high of $58.88. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 24.06 and a beta of 1.15. The firm has a 50 day moving average of $52.47 and a 200 day moving average of $46.07.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The firm had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. During the same quarter in the previous year, the firm posted $0.71 EPS. Sell-side analysts predict that FB Financial Co. will post 3.38 EPS for the current year.

FB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is currently 29.69%.

Insider Activity

In other news, major shareholder James W. Ayers acquired 2,000 shares of FB Financial stock in a transaction dated Monday, October 21st. The stock was purchased at an average cost of $48.17 per share, with a total value of $96,340.00. Following the completion of the purchase, the insider now directly owns 10,894,341 shares in the company, valued at approximately $524,780,405.97. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the transaction, the director now owns 54,078 shares in the company, valued at $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 13,000 shares of company stock valued at $658,460 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

About FB Financial

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.