6,918 Shares in FB Financial Corporation $FBK Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC acquired 6,918 shares of FB Financial Corporation (NYSE: FBK) in Q1, valuing the purchase at approximately $321,000.
• Analysts have mixed ratings for FBK, with reports indicating a sell recommendation from Wall Street Zen and an outperform rating with a price target increase from Keefe, Bruyette & Woods.
• FB Financial announced a quarterly dividend of $0.19, payable on August 26, reflecting a 1.5% yield and a payout ratio of 39.38%.

EntryPoint Capital LLC bought a new position in shares of FB Financial Corporation (NYSE:FBK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 6,918 shares of the financial services provider's stock, valued at approximately $321,000.

Several other large investors have also added to or reduced their stakes in FBK. Meeder Asset Management Inc. purchased a new stake in FB Financial during the 1st quarter valued at about $33,000. Sterling Capital Management LLC grew its stake 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 during the last quarter. GAMMA Investing LLC grew its stake in FB Financial by 36.7% during the 1st quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 370 shares during the last quarter. CWM LLC grew its stake in FB Financial by 58.2% during the 1st quarter. CWM LLC now owns 1,660 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 611 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in FB Financial by 7.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Keefe, Bruyette & Woods upgraded FB Financial from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $52.00 to $58.00 in a research note on Friday, July 11th. Wall Street Zen downgraded FB Financial from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $58.25.

FB Financial Price Performance

NYSE FBK traded down $0.32 during trading hours on Monday, reaching $53.01. The company's stock had a trading volume of 406,853 shares, compared to its average volume of 280,289. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 27.47 and a beta of 0.92. FB Financial Corporation has a 1-year low of $38.83 and a 1-year high of $58.88. The company's 50-day moving average is $47.67 and its two-hundred day moving average is $46.24.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly 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 during 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%. Equities analysts forecast that FB Financial Corporation will post 3.64 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. FB Financial's dividend payout ratio is presently 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.