XTX Topco Ltd Acquires 13,417 Shares of FB Financial Corporation (NYSE:FBK)

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

A number of other large investors have also recently bought and sold shares of FBK. Meeder Asset Management Inc. bought a new stake in FB Financial during the first quarter worth about $33,000. Sterling Capital Management LLC grew its stake in FB Financial by 810.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider's stock worth $58,000 after buying an additional 997 shares during the last quarter. GAMMA Investing LLC grew its stake in FB Financial by 36.7% during the first quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock worth $64,000 after buying an additional 370 shares during the last quarter. CWM LLC grew its stake in FB Financial by 58.2% during the first quarter. CWM LLC now owns 1,660 shares of the financial services provider's stock worth $77,000 after buying an additional 611 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in FB Financial by 7.1% during the first quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider's stock worth $202,000 after buying an additional 290 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors.

FB Financial Price Performance

Shares of FB Financial stock traded down $0.04 during trading on Thursday, reaching $47.54. 534,021 shares of the company traded hands, compared to its average volume of 266,548. FB Financial Corporation has a 1-year low of $38.83 and a 1-year high of $58.88. The company has a 50 day moving average price of $46.04 and a 200-day moving average price of $46.57. The firm has a market capitalization of $2.56 billion, a PE ratio of 24.67 and a beta of 0.92.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings data on Monday, July 14th. The financial services provider reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $136.32 million. Equities research analysts expect that FB Financial Corporation will post 3.64 earnings per share for the current year.

FB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.6%. FB Financial's dividend payout ratio (DPR) is presently 39.38%.

Analyst Ratings Changes

Several research firms have recently commented on FBK. Piper Sandler decreased their price target 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. Wall Street Zen lowered shares of FB Financial from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $52.00 to $58.00 in a report 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate 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.