FB Financial Corporation $FBK Stock Position Decreased by Keystone Financial Group Inc.

Key Points

• Keystone Financial Group reduced its FB Financial stake by 25.6% in the third quarter, selling 34,175 shares and retaining 99,078 shares worth approximately $5.1 million. Institutional investors collectively own 65.4% of FBK.
• FB Financial’s third-quarter adjusted earnings matched estimates at $1.21 per share, while loans and deposits grew and the company repurchased about 545,000 shares.
• Despite earnings and balance-sheet growth, revenue missed forecasts and net interest margin declined to 3.83%, contributing to recent share-price weakness. Analysts remain broadly positive, with a consensus “Buy” rating and a $64.67 target price.

Keystone Financial Group Inc. reduced its position in FB Financial Corporation (NYSE:FBK - Free Report) by 25.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,078 shares of the financial services provider's stock after selling 34,175 shares during the period. FB Financial comprises 2.6% of Keystone Financial Group Inc.'s investment portfolio, making the stock its 13th biggest position. Keystone Financial Group Inc. owned approximately 0.20% of FB Financial worth $5,122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in FB Financial by 9.2% in the third quarter. GAMMA Investing LLC now owns 2,562 shares of the financial services provider's stock valued at $132,000 after purchasing an additional 216 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of FB Financial by 385.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,294 shares of the financial services provider's stock worth $119,000 after buying an additional 1,821 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of FB Financial during the 2nd quarter worth $410,000. Arizona State Retirement System raised its stake in shares of FB Financial by 3.4% during the 2nd quarter. Arizona State Retirement System now owns 12,159 shares of the financial services provider's stock worth $673,000 after buying an additional 395 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of FB Financial in the 2nd quarter worth about $37,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting FB Financial

Here are the key news stories impacting FB Financial this week:

• Positive Sentiment: Adjusted earnings were $1.21 per share, matching the consensus estimate and rising from $1.07 a year earlier. Net income increased to $60.2 million, while the company maintained solid profitability with a 12.08% return on equity. FB Financial Posts $1.21 EPS for Q3 2026, In Line With Estimates
• Positive Sentiment: FB Financial delivered meaningful balance-sheet growth: loans held for investment rose 9.68% on an annualized sequential basis to $13.18 billion, while deposits increased 8.82% to $14.67 billion. The company also repurchased approximately 545,000 shares during the quarter. FB Financial Corporation Reports Third Quarter 2026 Financial Results
• Neutral Sentiment: Management said loan yields could improve in the fourth quarter, potentially offsetting some funding-cost pressure. The bank also completed a $125 million subordinated debt issuance, supporting capital flexibility, although it adds to funding obligations.
• Negative Sentiment: Quarterly revenue was approximately $174.5 million to $175.6 million, below analysts’ forecast of about $181.6 million. The shortfall was partly tied to lower noninterest income, which declined to $24.5 million from $25.8 million in the prior quarter. FB Financial Reports Third-Quarter EPS in Line With Estimates as Revenue Misses Forecasts
• Negative Sentiment: Net interest margin contracted to 3.83% from 3.95% in the second quarter as competition for deposits increased. Investors viewed the margin compression and revenue miss as outweighing the company’s loan, deposit and earnings growth, helping explain why FBK shares declined. FB Financial Earnings Call Highlights Growth, Margin Pressures

Analysts Set New Price Targets

FBK has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of FB Financial in a research note on Tuesday, July 14th. Raymond James Financial raised their target price on shares of FB Financial from $62.00 to $63.00 and gave the company a "strong-buy" rating in a report on Wednesday, July 1st. Weiss Ratings upgraded shares of FB Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. Finally, Benchmark upped their price target on shares of FB Financial from $64.00 to $67.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat.com, FB Financial has an average rating of "Buy" and a consensus target price of $64.67.

FB Financial Stock Performance

Shares of NYSE:FBK opened at $50.62 on Wednesday. The business's fifty day moving average price is $56.07 and its two-hundred day moving average price is $55.30. The stock has a market cap of $2.53 billion, a PE ratio of 11.79 and a beta of 0.98. FB Financial Corporation has a one year low of $49.24 and a one year high of $62.65.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. FB Financial had a return on equity of 12.08% and a net margin of 19.00%. The company had revenue of $175.62 million during the quarter, compared to the consensus estimate of $181.56 million. As a group, equities research analysts predict that FB Financial Corporation will post 4.67 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, August 25th. Investors of record on Tuesday, August 11th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.7%. FB Financial's dividend payout ratio (DPR) is presently 22.52%.

FB Financial Company Profile

FB Financial Corporation is a bank holding company headquartered in Nashville, Tennessee. Its principal subsidiary, FirstBank, provides banking and financial services to individuals, businesses and institutions through a regional branch network and digital banking channels.

FirstBank's offerings include personal and business deposit accounts, residential and commercial real estate lending, consumer loans, commercial and industrial financing, treasury management, wealth management and mortgage banking services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.