FB Financial Corporation $FBK Stock Holdings Boosted by Deutsche Bank AG

Key Points

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

Deutsche Bank AG boosted its position in shares of FB Financial Corporation (NYSE:FBK - Free Report) by 135.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,384 shares of the financial services provider's stock after purchasing an additional 43,370 shares during the period. Deutsche Bank AG owned approximately 0.16% of FB Financial worth $3,495,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FBK. LPL Financial LLC acquired a new stake in FB Financial during the 4th quarter valued at $206,000. Russell Investments Group Ltd. grew its holdings in FB Financial by 6.9% during the 4th quarter. Russell Investments Group Ltd. now owns 16,216 shares of the financial services provider's stock valued at $835,000 after purchasing an additional 1,042 shares in the last quarter. Bank of Montreal Can acquired a new stake in FB Financial during the 4th quarter valued at $221,000. Renaissance Technologies LLC acquired a new stake in FB Financial during the 4th quarter valued at $1,482,000. Finally, Sterling Capital Management LLC grew its holdings in 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 valued at $58,000 after purchasing an additional 997 shares in the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on FBK shares. Wall Street Zen cut shares of FB Financial from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods raised shares of FB Financial from a "market perform" rating to an "outperform" rating and upped their price target 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 data from MarketBeat, FB Financial currently has a consensus rating of "Buy" and a consensus target price of $58.25.

FB Financial Stock Up 6.4%

Shares of NYSE:FBK traded up $3.2090 on Friday, reaching $53.3890. 651,350 shares of the company's stock were exchanged, compared to its average volume of 440,149. The firm has a market capitalization 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 business's 50-day moving average is $47.67 and its two-hundred day moving average is $46.29.

FB Financial (NYSE:FBK - Get Free Report) last issued its earnings results on Monday, July 14th. The financial services provider reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.01). The business 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 predict that FB Financial Corporation will post 3.64 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis 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%.

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.