FB Financial Co. (NYSE:FBK) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its position in shares of FB Financial Co. (NYSE:FBK - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 259,809 shares of the financial services provider's stock after buying an additional 58,402 shares during the quarter. Nuveen Asset Management LLC owned about 0.56% of FB Financial worth $13,383,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FBK. Barclays PLC raised its position in shares of FB Financial by 58.3% during the 3rd quarter. Barclays PLC now owns 94,062 shares of the financial services provider's stock valued at $4,415,000 after buying an additional 34,633 shares during the period. SG Americas Securities LLC raised its position in shares of FB Financial by 39.7% during the 4th quarter. SG Americas Securities LLC now owns 19,850 shares of the financial services provider's stock valued at $1,022,000 after buying an additional 5,642 shares during the period. KBC Group NV raised its position in shares of FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock valued at $108,000 after buying an additional 555 shares during the period. Empowered Funds LLC raised its position in shares of FB Financial by 5.1% during the 4th quarter. Empowered Funds LLC now owns 145,755 shares of the financial services provider's stock valued at $7,508,000 after buying an additional 7,037 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of FB Financial by 1.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 234,264 shares of the financial services provider's stock valued at $12,067,000 after buying an additional 4,435 shares during the period. Hedge funds and other institutional investors own 65.40% of the company's stock.

FB Financial Stock Down 0.8%

NYSE FBK traded down $0.35 on Friday, reaching $43.61. The stock had a trading volume of 231,037 shares, compared to its average volume of 178,272. FB Financial Co. has a 12-month low of $34.50 and a 12-month high of $58.88. The stock has a fifty day moving average price of $43.49 and a two-hundred day moving average price of $49.01. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 17.66 and a beta of 0.93.

FB Financial (NYSE:FBK - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, hitting analysts' consensus estimates of $0.85. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. The business had revenue of $130.67 million for the quarter, compared to analyst estimates of $132.28 million. During the same quarter in the prior year, the company earned $0.85 earnings per share. Sell-side analysts forecast that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Tuesday, May 13th. FB Financial's dividend payout ratio is currently 27.94%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FBK. Wall Street Zen raised shares of FB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods cut their target price on FB Financial from $58.00 to $52.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Stephens cut their target price on FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Hovde Group raised FB Financial from a "market perform" rating to an "outperform" rating and cut their target price for the company from $60.00 to $59.00 in a research report on Tuesday, April 1st. Finally, Piper Sandler cut their target price on FB Financial from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, FB Financial presently has a consensus rating of "Hold" and an average target price 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 dated Wednesday, April 16th. The shares were acquired at an average price of $40.49 per share, with a total value of $291,528.00. Following the completion of the transaction, the director now owns 61,278 shares of the company's stock, valued at $2,481,146.22. The trade was a 13.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $48.51 per share, with a total value of $97,020.00. Following the purchase, the insider now owns 10,931,841 shares of the company's stock, valued at approximately $530,303,606.91. This represents a 0.02% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company's stock.

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.