Swiss National Bank Sells 400 Shares of FB Financial Co. (NYSE:FBK)

Swiss National Bank trimmed its holdings in FB Financial Co. (NYSE:FBK) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 73,383 shares of the financial services provider’s stock after selling 400 shares during the quarter. Swiss National Bank’s holdings in FB Financial were worth $3,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FBK. Geode Capital Management LLC raised its stake in shares of FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock worth $38,272,000 after acquiring an additional 7,021 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FB Financial by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock valued at $17,521,000 after purchasing an additional 14,797 shares in the last quarter. JPMorgan Chase & Co. raised its position in FB Financial by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 66,775 shares of the financial services provider’s stock worth $3,134,000 after purchasing an additional 4,918 shares during the last quarter. FMR LLC lifted its holdings in FB Financial by 42.0% during the 3rd quarter. FMR LLC now owns 7,129 shares of the financial services provider’s stock worth $335,000 after buying an additional 2,109 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in FB Financial by 39.7% during the 4th quarter. SG Americas Securities LLC now owns 19,850 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 5,642 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

FB Financial Trading Down 1.0 %

Shares of FB Financial stock opened at $48.02 on Wednesday. FB Financial Co. has a 12 month low of $33.35 and a 12 month high of $58.88. The company has a market capitalization of $2.24 billion, a PE ratio of 19.44 and a beta of 1.16. The stock’s fifty day simple moving average is $50.36 and its 200 day simple moving average is $50.79.

FB Financial (NYSE:FBK) last released 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%. Analysts predict 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. Shareholders of record on Tuesday, February 11th were paid a $0.19 dividend. This is a boost from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.76 annualized dividend and a yield of 1.58%. FB Financial’s payout ratio is presently 30.77%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Piper Sandler raised FB Financial from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods lifted their price objective on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.60.

Insiders Place Their Bets

In other news, major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $48.51 per share, for a total transaction of $97,020.00. Following the completion of the purchase, the insider now directly owns 10,931,841 shares in the company, valued at $530,303,606.91. The trade was a 0.02 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 14,000 shares of company stock valued at $710,180 in the last quarter. 1.70% of the stock is currently owned by insiders.

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.