FB Financial Corporation (NYSE:FBK) Shares Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd significantly increased its stake in FB Financial Corporation by 230.1% during the first quarter, now holding 19,248 shares valued at approximately $892,000.
• FB Financial's recent quarterly earnings reported an EPS of $0.88, slightly missing analysts' expectations, with total revenue of $76.86 million compared to estimates of $136.32 million.
• The company announced a quarterly dividend of $0.19 per share, which translates to a 1.6% dividend yield, with the ex-dividend date set for August 12th.

XTX Topco Ltd boosted its stake in FB Financial Corporation (NYSE:FBK - Free Report) by 230.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,248 shares of the financial services provider's stock after acquiring an additional 13,417 shares during the quarter. XTX Topco Ltd's holdings in FB Financial were worth $892,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FBK. GSA Capital Partners LLP acquired a new stake in shares of FB Financial during the first quarter valued at about $1,149,000. Meeder Asset Management Inc. acquired a new stake in FB Financial during the 1st quarter valued at approximately $33,000. Avantax Advisory Services Inc. grew its stake in FB Financial by 0.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 34,705 shares of the financial services provider's stock valued at $1,609,000 after purchasing an additional 253 shares in the last quarter. Wakefield Asset Management LLLP increased its holdings in FB Financial by 7.4% during the 1st quarter. Wakefield Asset Management LLLP now owns 26,514 shares of the financial services provider's stock worth $1,229,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Homestead Advisers Corp raised its position in shares of FB Financial by 4.6% in the 1st quarter. Homestead Advisers Corp now owns 144,559 shares of the financial services provider's stock valued at $6,702,000 after purchasing an additional 6,300 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company's stock.

Analyst Ratings Changes

FBK has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised shares of FB Financial from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $52.00 to $58.00 in a research report on Friday, July 11th. Piper Sandler reduced their price objective on shares of FB Financial from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of FB Financial from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.25.

FB Financial Trading Down 2.5%

Shares of NYSE FBK opened at $47.53 on Monday. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 24.63 and a beta of 0.92. FB Financial Corporation has a twelve month low of $38.83 and a twelve month high of $58.88. The business has a 50 day simple moving average of $45.87 and a 200-day simple moving average of $46.59.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings data on Monday, July 14th. The financial services provider reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.01). FB Financial had a return on equity of 10.15% and a net margin of 11.46%. The business had revenue of $76.86 million during the quarter, compared to analyst estimates of $136.32 million. As a group, equities analysts predict that FB Financial Corporation will post 3.64 earnings per share 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 given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 12th. FB Financial's dividend payout ratio is currently 39.38%.

About FB Financial

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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