QSV Equity Investors LLC Sells 10,093 Shares of FB Financial Corporation $FBK

Key Points

• QSV Equity Investors LLC reduced its stake in FB Financial Corporation by 22.8%, now owning 34,200 shares valued at approximately $1.6 million.
• FB Financial's stock has a current price target of $58.25 according to analysts, but recently received both a downgrade to "sell" from Wall Street Zen and an upgrade to "outperform" from Keefe, Bruyette & Woods.
• The company missed earnings expectations in its last quarterly report, with EPS of $0.88, below the consensus estimate of $0.89, while also declaring a quarterly dividend of $0.19 per share.

QSV Equity Investors LLC lowered its stake in FB Financial Corporation (NYSE:FBK - Free Report) by 22.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,200 shares of the financial services provider's stock after selling 10,093 shares during the period. FB Financial makes up about 1.6% of QSV Equity Investors LLC's investment portfolio, making the stock its 23rd largest holding. QSV Equity Investors LLC owned approximately 0.07% of FB Financial worth $1,586,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of FB Financial in the first quarter valued at $33,000. Sterling Capital Management LLC raised 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 period. GAMMA Investing LLC raised 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 period. CWM LLC raised 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 period. Finally, Nisa Investment Advisors LLC raised 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 period. Institutional investors own 65.40% of the company's stock.

FB Financial Stock Up 6.4%

Shares of FB Financial stock traded up $3.2090 on Friday, hitting $53.3890. 651,350 shares of the company traded hands, compared to its average volume of 440,149. The company has a market cap of $2.87 billion, a PE ratio of 27.66 and a beta of 0.92. FB Financial Corporation has a 12-month low of $38.83 and a 12-month high of $58.88. The company has a 50-day moving average price of $47.67 and a 200 day moving average price of $46.34.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings data on Monday, July 14th. The financial services provider reported $0.88 earnings per share (EPS) 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 the consensus estimate of $136.32 million. FB Financial had a return on equity of 10.15% and a net margin of 11.46%. Equities research analysts anticipate that FB Financial Corporation will post 3.64 EPS for the current year.

FB Financial Announces Dividend

The firm also recently disclosed 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 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 currently 39.38%.

Analysts Set New Price Targets

Several brokerages have issued reports on FBK. Keefe, Bruyette & Woods raised shares of FB Financial from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $52.00 to $58.00 in a research note on Friday, July 11th. Wall Street Zen downgraded shares of 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $58.25.

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.