UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in FB Financial Co. (NYSE:FBK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of FB Financial Co. (NYSE:FBK - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,476 shares of the financial services provider's stock after purchasing an additional 11,251 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of FB Financial worth $2,961,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBK. Sterling Capital Management LLC raised its holdings 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 during the last quarter. KBC Group NV increased its holdings in shares of FB Financial by 36.2% in the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock worth $108,000 after purchasing an additional 555 shares in the last quarter. LPL Financial LLC purchased a new position in shares of FB Financial in the fourth quarter worth $206,000. Covenant Partners LLC bought a new position in shares of FB Financial during the fourth quarter valued at $211,000. Finally, Point72 Asset Management L.P. boosted its position in shares of FB Financial by 320.0% during the fourth quarter. Point72 Asset Management L.P. now owns 4,200 shares of the financial services provider's stock valued at $216,000 after buying an additional 3,200 shares during the last quarter. Institutional investors own 65.40% of the company's stock.

FB Financial Price Performance

Shares of NYSE:FBK traded up $0.06 during midday trading on Monday, hitting $43.84. The company had a trading volume of 124,595 shares, compared to its average volume of 179,176. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 17.75 and a beta of 0.91. The company has a fifty day moving average of $43.10 and a two-hundred day moving average of $48.55. FB Financial Co. has a 12-month low of $34.50 and a 12-month high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last posted 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 firm had revenue of $130.67 million for the quarter, compared to the consensus estimate of $132.28 million. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. During the same quarter last year, the company earned $0.85 earnings per share. Research analysts expect that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.73%. FB Financial's payout ratio is currently 27.94%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. 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 dropped their target price on shares of FB Financial from $58.00 to $52.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Piper Sandler decreased their target price on shares of FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Stephens dropped their price target on FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Hovde Group raised 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 report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, FB Financial has an average rating of "Hold" and a consensus price target of $53.80.

Insider Transactions at FB Financial

In related news, Director James W. Iv Cross acquired 7,200 shares of the business's stock in a transaction on Wednesday, April 16th. The stock was acquired at an average cost of $40.49 per share, with a total value of $291,528.00. Following the acquisition, the director now directly owns 61,278 shares in the company, valued at $2,481,146.22. This represents a 13.31% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.90% of the company's stock.

About FB Financial

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.