MetLife Investment Management LLC Sells 341 Shares of FB Financial Corporation $FBK

MetLife Investment Management LLC decreased its stake in shares of FB Financial Corporation (NYSE:FBK) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,192 shares of the financial services provider’s stock after selling 341 shares during the period. MetLife Investment Management LLC’s holdings in FB Financial were worth $982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBK. Meeder Asset Management Inc. bought a new position in FB Financial during the first quarter valued at approximately $33,000. GAMMA Investing LLC lifted its position in FB Financial by 36.7% during the first quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 370 shares during the period. CWM LLC lifted its position in FB Financial by 58.2% during the first quarter. CWM LLC now owns 1,660 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 611 shares during the period. Nisa Investment Advisors LLC lifted its position in FB Financial by 7.1% during the first quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 290 shares during the period. Finally, Blue Trust Inc. bought a new position in FB Financial during the first quarter valued at approximately $211,000. Institutional investors own 65.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FBK shares. Keefe, Bruyette & Woods upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $52.00 to $58.00 in a research report on Friday, July 11th. Wall Street Zen downgraded shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $58.25.

FB Financial Price Performance

Shares of FBK stock opened at $53.68 on Friday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 27.81 and a beta of 0.93. FB Financial Corporation has a one year low of $38.83 and a one year high of $58.88. The company’s fifty day moving average price is $49.61 and its 200-day moving average price is $46.41.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Monday, July 14th. The financial services provider reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The firm had revenue of $76.86 million for the quarter, compared to the consensus estimate of $136.32 million. FB Financial had a net margin of 11.46% and a return on equity of 10.15%. Equities research analysts expect that FB Financial Corporation will post 3.64 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, August 12th. FB Financial’s dividend payout ratio (DPR) is presently 39.38%.

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.