Rhumbline Advisers Has $5.68 Million Holdings in FB Financial Co. (NYSE:FBK)

Rhumbline Advisers raised its position in FB Financial Co. (NYSE:FBK) by 1.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 110,352 shares of the financial services provider’s stock after purchasing an additional 1,584 shares during the period. Rhumbline Advisers’ holdings in FB Financial were worth $5,684,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 314 shares in the last quarter. Albert D Mason Inc. grew its position in shares of FB Financial by 1.5% during the 4th quarter. Albert D Mason Inc. now owns 23,474 shares of the financial services provider’s stock worth $1,209,000 after buying an additional 346 shares during the period. Stifel Financial Corp increased its stake in shares of FB Financial by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock valued at $3,786,000 after acquiring an additional 356 shares in the last quarter. KBC Group NV boosted 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 worth $108,000 after acquiring an additional 555 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of FB Financial by 1.9% during the 3rd quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock worth $1,611,000 after purchasing an additional 631 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

Insider Activity at FB Financial

In other FB Financial news, major shareholder James W. Ayers acquired 2,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 10,913,841 shares in the company, valued at $560,971,427.40. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 14,000 shares of company stock worth $716,880 in the last three months. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

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

FB Financial Stock Down 0.2 %

Shares of NYSE FBK opened at $49.22 on Thursday. The stock’s 50-day simple moving average is $51.79 and its two-hundred day simple moving average is $50.56. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88. The firm has a market capitalization of $2.30 billion, a P/E ratio of 19.93 and a beta of 1.15.

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

FB Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. This is an increase from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, February 11th. FB Financial’s payout ratio is presently 30.77%.

FB Financial 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.