FB Financial Corporation $FBK Shares Sold by QSV Equity Investors LLC

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 cut its holdings in shares of FB Financial Corporation (NYSE:FBK - Free Report) by 22.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,200 shares of the financial services provider's stock after selling 10,093 shares during the period. FB Financial comprises approximately 1.6% of QSV Equity Investors LLC's investment portfolio, making the stock its 23rd biggest holding. QSV Equity Investors LLC owned approximately 0.07% of FB Financial worth $1,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBK. Avantax Advisory Services Inc. increased its holdings in FB Financial by 0.7% in the first quarter. Avantax Advisory Services Inc. now owns 34,705 shares of the financial services provider's stock valued at $1,609,000 after buying an additional 253 shares in the last quarter. TBH Global Asset Management LLC increased its holdings in FB Financial by 5.3% in the first quarter. TBH Global Asset Management LLC now owns 5,790 shares of the financial services provider's stock valued at $268,000 after buying an additional 290 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in FB Financial by 7.1% in the first quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider's stock valued at $202,000 after buying an additional 290 shares in the last quarter. GAMMA Investing LLC increased its holdings in FB Financial by 36.7% in the first quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock valued at $64,000 after buying an additional 370 shares in the last quarter. Finally, Albert D Mason Inc. increased its holdings in FB Financial by 1.7% in the first quarter. Albert D Mason Inc. now owns 23,872 shares of the financial services provider's stock valued at $1,107,000 after buying an additional 398 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of FB Financial from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods raised shares of FB Financial from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $52.00 to $58.00 in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, FB Financial presently has a consensus rating of "Moderate Buy" and an average price target of $58.25.

FB Financial Trading Down 1.1%

Shares of NYSE FBK opened at $50.47 on Monday. FB Financial Corporation has a 12-month low of $38.83 and a 12-month high of $58.88. The stock has a market cap of $2.72 billion, a PE ratio of 26.15 and a beta of 0.92. The company has a 50-day moving average of $46.92 and a 200 day moving average of $46.30.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings data on Monday, July 14th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01). FB Financial had a net margin of 11.46% and a return on equity of 10.15%. The business had revenue of $76.86 million for the quarter, compared to analysts' expectations of $136.32 million. On average, sell-side analysts forecast that FB Financial Corporation will post 3.64 EPS for the current fiscal year.

FB Financial Dividend Announcement

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 paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 12th. FB Financial's dividend payout ratio is currently 39.38%.

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.

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