MQS Management LLC Takes $357,000 Position in FB Financial Corporation (NYSE:FBK)

MQS Management LLC bought a new stake in FB Financial Corporation (NYSE:FBK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,702 shares of the financial services provider's stock, valued at approximately $357,000.

Other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC raised its stake in shares of FB Financial by 810.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 997 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of FB Financial by 36.7% in the first quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 370 shares during the last quarter. CWM LLC raised its stake in shares of FB Financial by 58.2% in the first quarter. CWM LLC now owns 1,660 shares of the financial services provider's stock valued at $77,000 after acquiring an additional 611 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of FB Financial by 7.1% in the first quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider's stock valued at $202,000 after acquiring an additional 290 shares during the last quarter. Finally, LPL Financial LLC bought a new position in shares of FB Financial in the fourth quarter valued at approximately $206,000. Institutional investors own 65.40% of the company's stock.

FB Financial Stock Performance

FBK traded down $0.41 during trading on Friday, reaching $48.85. 251,665 shares of the company's stock were exchanged, compared to its average volume of 247,645. The firm has a market capitalization of $2.24 billion, a PE ratio of 25.32 and a beta of 0.91. FB Financial Corporation has a fifty-two week low of $38.83 and a fifty-two week high of $58.88. The company's fifty day moving average price is $45.08 and its 200-day moving average price is $46.80.

FB Financial (NYSE:FBK - Get Free Report) last posted 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 company had revenue of $76.86 million during 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%. Research analysts forecast that FB Financial Corporation will post 3.64 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.76 annualized dividend and a yield of 1.56%. FB Financial's dividend payout ratio is currently 39.38%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FBK shares. Wall Street Zen upgraded shares of FB Financial from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $52.00 to $58.00 in a research report on Friday, July 11th. Piper Sandler dropped their price objective on shares of FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Stephens dropped their price objective 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. Finally, Hovde Group raised shares of FB Financial from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $60.00 to $59.00 in a report on Tuesday, April 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.25.

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.