Albert D Mason Inc. Raises Stake in FB Financial Co. (NYSE:FBK)

Albert D Mason Inc. lifted its stake in shares of FB Financial Co. (NYSE:FBK) by 1.5% during the 4th quarter, Holdings Channel reports. The fund owned 23,474 shares of the financial services provider’s stock after buying an additional 346 shares during the quarter. Albert D Mason Inc.’s holdings in FB Financial were worth $1,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in FB Financial during the third quarter worth about $47,000. GAMMA Investing LLC increased its holdings in shares of FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after buying an additional 314 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of FB Financial during the 3rd quarter valued at approximately $84,000. Point72 DIFC Ltd acquired a new position in FB Financial in the third quarter valued at approximately $110,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in FB Financial in the third quarter worth approximately $124,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

FB Financial Trading Up 0.3 %

FBK stock opened at $52.41 on Friday. The business’s fifty day moving average price is $53.88 and its 200 day moving average price is $48.80. 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 $2.45 billion, a PE ratio of 22.89 and a beta of 1.16.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The company had revenue of $169.13 million for the quarter, compared to analyst estimates of $127.44 million. During the same period in the prior year, the firm earned $0.71 earnings per share. Research analysts predict that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s payout ratio is currently 29.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FBK shares. Keefe, Bruyette & Woods lifted their target price on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.20.

Insiders Place Their Bets

In related news, Director James W. Iv Cross sold 5,000 shares of FB Financial stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the transaction, the director now owns 54,078 shares in the company, valued at $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of $48.46 per share, for a total transaction of $96,920.00. Following the completion of the transaction, the insider now owns 10,917,841 shares in the company, valued at approximately $529,078,574.86. The trade was a 0.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 19,500 shares of company stock worth $988,050 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

About FB Financial

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.