Earnest Partners LLC Decreases Stake in FB Financial Co. (NYSE:FBK)

Earnest Partners LLC reduced its position in shares of FB Financial Co. (NYSE:FBK - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,141 shares of the financial services provider's stock after selling 43,201 shares during the period. Earnest Partners LLC owned about 0.87% of FB Financial worth $20,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of FB Financial by 45.2% during the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 314 shares in the last quarter. Sterling Capital Management LLC lifted its stake in FB Financial by 810.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider's stock worth $58,000 after acquiring an additional 997 shares in the last quarter. KBC Group NV grew its holdings in shares of FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock valued at $108,000 after acquiring an additional 555 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of FB Financial during the 4th quarter worth about $206,000. Finally, Lbmc Investment Advisors LLC bought a new stake in FB Financial in the fourth quarter worth approximately $220,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FB Financial

In related news, major shareholder James W. Ayers purchased 2,000 shares of FB Financial stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average price of $52.07 per share, for a total transaction of $104,140.00. Following the completion of the transaction, the insider now owns 10,921,841 shares in the company, valued at $568,700,260.87. This represents 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 hyperlink. Also, Director James W. Iv Cross bought 7,200 shares of the stock in a transaction on Wednesday, April 16th. The stock was purchased at an average price of $40.49 per share, for a total transaction of $291,528.00. Following the completion of the purchase, the director now owns 61,278 shares of the company's stock, valued at approximately $2,481,146.22. This trade represents a 13.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 13,200 shares of company stock valued at $596,348. 1.90% of the stock is owned by insiders.

FB Financial Price Performance

Shares of FB Financial stock traded up $1.44 during trading on Friday, hitting $44.73. The company's stock had a trading volume of 174,451 shares, compared to its average volume of 170,698. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 18.11 and a beta of 0.93. The stock has a 50-day moving average price of $44.58 and a two-hundred day moving average price of $49.91. FB Financial Co. has a 52 week low of $34.50 and a 52 week high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The financial services provider reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. The company had revenue of $130.67 million during 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 quarter last year, the firm posted $0.85 EPS. On average, equities analysts predict that FB Financial Co. will post 3.64 EPS for the current fiscal year.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.76 annualized dividend and a yield of 1.70%. FB Financial's dividend payout ratio (DPR) is currently 27.94%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FBK shares. Stephens cut their price objective on FB Financial from $65.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Hovde Group raised shares of FB Financial from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $60.00 to $59.00 in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods decreased their price objective on FB Financial from $58.00 to $52.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. StockNews.com cut shares of FB Financial from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Finally, Piper Sandler cut 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.