FB Financial Co. (NYSE:FBK) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its stake in shares of FB Financial Co. (NYSE:FBK - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 394,155 shares of the financial services provider's stock after acquiring an additional 7,037 shares during the quarter. FB Financial accounts for about 0.5% of Bridgeway Capital Management LLC's portfolio, making the stock its 26th largest position. Bridgeway Capital Management LLC owned 0.84% of FB Financial worth $20,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of FB Financial by 293.8% in the 4th quarter. JPMorgan Chase & Co. now owns 262,947 shares of the financial services provider's stock valued at $13,544,000 after acquiring an additional 196,172 shares during the last quarter. Raymond James Financial Inc. acquired a new position in FB Financial in the 4th quarter valued at $9,546,000. 12th Street Asset Management Company LLC lifted its position 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 purchasing an additional 77,885 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of FB Financial by 489.5% in the 4th quarter. Tudor Investment Corp ET AL now owns 70,696 shares of the financial services provider's stock valued at $3,642,000 after buying an additional 58,703 shares during the period. Finally, Northern Trust Corp boosted its position in shares of FB Financial by 15.3% during the 4th quarter. Northern Trust Corp now owns 424,882 shares of the financial services provider's stock worth $21,886,000 after purchasing an additional 56,474 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

FB Financial Price Performance

NYSE FBK traded down $0.21 during trading hours on Friday, hitting $45.24. The company had a trading volume of 163,088 shares, compared to its average volume of 174,047. The firm's 50 day moving average is $44.09 and its 200 day moving average is $49.76. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 18.32 and a beta of 0.93. FB Financial Co. has a fifty-two week low of $34.50 and a fifty-two week high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last posted its earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.85. The business had revenue of $130.67 million during the quarter, compared to analyst estimates of $132.28 million. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities analysts anticipate that FB Financial Co. will post 3.64 EPS for the current year.

FB Financial Announces Dividend

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

Insider Buying and Selling

In other news, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $48.51 per share, for a total transaction of $97,020.00. Following the acquisition, 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 filing with the SEC, which is accessible through this link. Also, Director James W. Iv Cross purchased 7,200 shares of FB Financial stock in a transaction dated Wednesday, April 16th. The stock was acquired at an average price of $40.49 per share, for a total transaction of $291,528.00. Following the completion of the transaction, the director now owns 61,278 shares in the company, valued at approximately $2,481,146.22. The trade was a 13.31 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 11,200 shares of company stock worth $492,208. Insiders own 1.90% of the company's stock.

Analyst Ratings Changes

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

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.