FB Financial Co. (NYSE:FBK) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its holdings in FB Financial Co. (NYSE:FBK - Free Report) by 27.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,014 shares of the financial services provider's stock after selling 11,930 shares during the period. Deutsche Bank AG owned approximately 0.07% of FB Financial worth $1,649,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its stake in shares of FB Financial by 1.6% in the fourth quarter. Teacher Retirement System of Texas now owns 25,528 shares of the financial services provider's stock worth $1,315,000 after acquiring an additional 412 shares in the last quarter. KBC Group NV boosted its holdings in FB Financial by 36.2% in the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock valued at $108,000 after purchasing an additional 555 shares during the period. Tower Research Capital LLC TRC grew its stake in FB Financial by 11.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,418 shares of the financial services provider's stock worth $279,000 after purchasing an additional 569 shares in the last quarter. 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 worth $58,000 after purchasing an additional 997 shares in the last quarter. Finally, Russell Investments Group Ltd. increased 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 worth $835,000 after purchasing an additional 1,042 shares during the period. 65.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FBK has been the subject of a number of recent research reports. Stephens decreased their price target on shares of FB Financial from $65.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of FB Financial from $58.00 to $52.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Piper Sandler dropped their target price on FB Financial from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen raised FB Financial from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Hovde Group raised FB Financial from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from $60.00 to $59.00 in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $53.80.

Insider Activity

In other news, major shareholder James W. Ayers purchased 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $48.51 per share, with a total value of $97,020.00. Following the completion of the acquisition, the insider now directly owns 10,931,841 shares of the company's stock, valued at approximately $530,303,606.91. This trade represents a 0.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James W. Iv Cross purchased 7,200 shares of FB Financial stock in a transaction dated 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 completion of the acquisition, the director now directly owns 61,278 shares in the company, valued at approximately $2,481,146.22. This trade represents a 13.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company's stock.

FB Financial Stock Up 1.0%

NYSE:FBK traded up $0.43 during trading hours on Thursday, reaching $43.88. 130,401 shares of the company's stock were exchanged, compared to its average volume of 177,620. FB Financial Co. has a 1-year low of $34.50 and a 1-year high of $58.88. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 17.77 and a beta of 0.93. The company has a 50-day moving average of $43.58 and a 200 day moving average of $49.16.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.85. The firm had revenue of $130.67 million for the quarter, compared to analyst estimates 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 posted $0.85 earnings per share. Research analysts forecast that FB Financial Co. will post 3.64 EPS for the current fiscal year.

FB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.19 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.73%. FB Financial's dividend payout ratio (DPR) is currently 27.94%.

FB Financial Company 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.