Deutsche Bank AG Acquires 43,370 Shares of FB Financial Corporation $FBK

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Deutsche Bank AG increased its holdings in shares of FB Financial Corporation (NYSE:FBK - Free Report) by 135.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,384 shares of the financial services provider's stock after acquiring an additional 43,370 shares during the quarter. Deutsche Bank AG owned about 0.16% of FB Financial worth $3,495,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of FB Financial during the 1st quarter worth approximately $33,000. Sterling Capital Management LLC increased its holdings in shares of FB Financial by 810.6% during 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 during the last quarter. GAMMA Investing LLC increased its holdings in shares of FB Financial by 36.7% during the 1st quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock worth $64,000 after acquiring an additional 370 shares during the last quarter. CWM LLC increased its holdings in shares of FB Financial by 58.2% during the 1st quarter. CWM LLC now owns 1,660 shares of the financial services provider's stock worth $77,000 after acquiring an additional 611 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of FB Financial during the 4th quarter worth approximately $206,000. 65.40% of the stock is owned by institutional investors and hedge funds.

FB Financial Stock Up 6.4%

Shares of FBK traded up $3.2090 during trading hours on Friday, hitting $53.3890. 651,350 shares of the company were exchanged, compared to its average volume of 440,149. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 27.66 and a beta of 0.92. FB Financial Corporation has a fifty-two week low of $38.83 and a fifty-two week high of $58.88. The firm's fifty day moving average is $47.67 and its 200 day moving average is $46.34.

FB Financial (NYSE:FBK - Get Free Report) last released its earnings results on Monday, July 14th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01). The company had revenue of $76.86 million for the quarter, compared to analyst estimates of $136.32 million. FB Financial had a return on equity of 10.15% and a net margin of 11.46%. Analysts anticipate that FB Financial Corporation will post 3.64 EPS for the current year.

FB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be issued 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 of this dividend is Tuesday, August 12th. FB Financial's dividend payout ratio is 39.38%.

Analyst Ratings Changes

A number of research firms recently weighed in on FBK. Wall Street Zen lowered FB Financial from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods raised FB Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $52.00 to $58.00 in a report on Friday, July 11th. Four 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 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.