Price T Rowe Associates Inc. MD Has $1.10 Million Stock Position in FB Financial Co. (NYSE:FBK)

Price T Rowe Associates Inc. MD lifted its holdings in shares of FB Financial Co. (NYSE:FBK) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,293 shares of the financial services provider’s stock after acquiring an additional 2,341 shares during the period. Price T Rowe Associates Inc. MD’s holdings in FB Financial were worth $1,097,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FBK. JPMorgan Chase & Co. raised its stake in shares of FB Financial by 293.8% in the fourth quarter. JPMorgan Chase & Co. now owns 262,947 shares of the financial services provider’s stock worth $13,544,000 after purchasing an additional 196,172 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in FB Financial in the 4th quarter valued at $9,546,000. 12th Street Asset Management Company LLC lifted its stake in FB Financial by 65.2% during the 4th 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 acquiring an additional 77,885 shares in the last quarter. Barclays PLC boosted its holdings in FB Financial by 58.3% during the 3rd quarter. Barclays PLC now owns 94,062 shares of the financial services provider’s stock worth $4,415,000 after acquiring an additional 34,633 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of FB Financial in the 4th quarter worth $1,482,000. Institutional investors own 65.40% of the company’s stock.

Insiders Place Their Bets

In related news, Director James W. Iv Cross acquired 7,200 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The shares were bought at an average cost of $40.49 per share, for a total transaction of $291,528.00. Following the purchase, the director now owns 61,278 shares in the company, valued at $2,481,146.22. This trade represents a 13.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James W. Ayers bought 2,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $48.51 per share, with a total value of $97,020.00. Following the purchase, the insider now owns 10,931,841 shares in the company, valued at $530,303,606.91. This trade represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,200 shares of company stock worth $492,208 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

FB Financial Price Performance

Shares of FBK opened at $45.24 on Friday. The firm has a market cap of $2.11 billion, a PE ratio of 18.32 and a beta of 0.93. FB Financial Co. has a 1 year low of $34.50 and a 1 year high of $58.88. The stock’s fifty day moving average price is $44.09 and its two-hundred day moving average price is $49.77.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Monday, April 14th. The financial services provider reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. The business had revenue of $130.67 million for the quarter, compared to the consensus estimate of $132.28 million. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. During the same period in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts anticipate that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. FB Financial’s payout ratio is 27.94%.

Analyst Ratings Changes

FBK has been the topic of several analyst reports. Stephens cut their price target on shares of FB Financial from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a report on Monday, April 28th. Piper Sandler dropped their price target on FB Financial from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $60.00 to $59.00 in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods lowered their target price on FB Financial from $58.00 to $52.00 and set a “market perform” rating on the stock in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.80.

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.