GSA Capital Partners LLP Takes $1.15 Million Position in FB Financial Corporation (NYSE:FBK)

Key Points

• GSA Capital Partners LLP acquired a new stake in FB Financial Corporation, purchasing 24,775 shares valued at about $1,149,000, representing 0.05% ownership as of the latest SEC filing.
• The company's most recent earnings report showed a quarterly EPS of $0.88, which fell short of the $0.89 consensus estimate, with revenues of $76.86 million against the anticipated $136.32 million.
• FB Financial announced a quarterly dividend of $0.19 per share, resulting in an annualized dividend of $0.76 and a yield of 1.53%, with the payout ratio currently at 39.38%.

GSA Capital Partners LLP acquired a new stake in FB Financial Corporation (NYSE:FBK - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,775 shares of the financial services provider's stock, valued at approximately $1,149,000. GSA Capital Partners LLP owned about 0.05% of FB Financial at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of FB Financial in the 1st quarter worth about $33,000. Sterling Capital Management LLC increased its holdings in FB Financial by 810.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider's stock worth $58,000 after purchasing an additional 997 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of FB Financial by 36.7% during the 1st 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 in the last quarter. CWM LLC grew its holdings in FB Financial by 58.2% in the first quarter. CWM LLC now owns 1,660 shares of the financial services provider's stock worth $77,000 after purchasing an additional 611 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of 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 valued at $202,000 after purchasing an additional 290 shares during the period. Institutional investors own 65.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FBK. Piper Sandler reduced their target price on FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Keefe, Bruyette & Woods upgraded FB Financial from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $52.00 to $58.00 in a report on Friday, July 11th. Finally, Wall Street Zen cut FB Financial from a "hold" rating to a "sell" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.25.

FB Financial Trading Down 2.5%

NYSE FBK traded down $1.23 during trading hours on Friday, hitting $47.53. The company's stock had a trading volume of 599,523 shares, compared to its average volume of 542,322. The company's 50-day simple moving average is $45.79 and its two-hundred day simple moving average is $46.69. The company has a market capitalization of $2.18 billion, a PE ratio of 14.17 and a beta of 0.92. FB Financial Corporation has a 52 week low of $38.83 and a 52 week high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last posted its earnings results 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). The company had revenue of $76.86 million during the quarter, compared to the consensus estimate of $136.32 million. FB Financial had a net margin of 11.46% and a return on equity of 10.15%. Research analysts anticipate that FB Financial Corporation will post 3.64 EPS for the current fiscal year.

FB Financial Dividend Announcement

The company 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 is presently 39.38%.

FB Financial 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.