FB Financial Co. (NYSE:FBK) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in FB Financial Co. (NYSE:FBK) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,528 shares of the financial services provider’s stock after acquiring an additional 412 shares during the quarter. Teacher Retirement System of Texas’ holdings in FB Financial were worth $1,315,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its position in shares of FB Financial by 136.2% in the 4th quarter. Intech Investment Management LLC now owns 16,595 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 9,570 shares during the last quarter. 12th Street Asset Management Company LLC increased its holdings in FB Financial by 65.2% in the fourth quarter. 12th Street Asset Management Company LLC now owns 197,300 shares of the financial services provider’s stock valued at $10,163,000 after buying an additional 77,885 shares during the last quarter. Simplicity Wealth LLC raised its stake in FB Financial by 59.4% in the fourth quarter. Simplicity Wealth LLC now owns 13,177 shares of the financial services provider’s stock valued at $679,000 after buying an additional 4,912 shares in the last quarter. Amundi lifted its holdings in FB Financial by 185.9% during the 4th quarter. Amundi now owns 17,611 shares of the financial services provider’s stock worth $885,000 after buying an additional 11,452 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of FB Financial during the 4th quarter worth about $9,546,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder James W. Ayers acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $48.51 per share, with a total value of $97,020.00. Following the transaction, the insider now owns 10,931,841 shares of the company’s stock, valued at $530,303,606.91. The trade was a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 14,000 shares of company stock valued at $710,180 over the last quarter. 1.70% of the stock is currently owned by insiders.

FB Financial Stock Down 1.9 %

FBK opened at $47.04 on Friday. FB Financial Co. has a 52 week low of $33.35 and a 52 week high of $58.88. The business’s 50 day moving average is $50.08 and its two-hundred day moving average is $50.76. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 19.05 and a beta of 1.16.

FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 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%. Equities analysts expect that FB Financial Co. will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.19 per share. This is an increase from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, February 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.62%. FB Financial’s dividend payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price 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. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Piper Sandler raised shares of FB Financial from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Tuesday, March 11th. One 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’s stock. According to MarketBeat, FB Financial has an average rating of “Hold” and an average target price of $52.60.

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.