GSA Capital Partners LLP Acquires Shares of 24,775 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 purchased a new position in shares of FB Financial Corporation (NYSE:FBK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,775 shares of the financial services provider's stock, valued at approximately $1,149,000. GSA Capital Partners LLP owned approximately 0.05% of FB Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FBK. Meeder Asset Management Inc. purchased a new position in shares of FB Financial in the first quarter worth $33,000. Avantax Advisory Services Inc. increased its position 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 during the period. Wakefield Asset Management LLLP boosted its holdings in shares of 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 valued at $1,229,000 after buying an additional 1,817 shares in the last quarter. Homestead Advisers Corp boosted its holdings in shares of FB Financial by 4.6% during the 1st quarter. Homestead Advisers Corp now owns 144,559 shares of the financial services provider's stock valued at $6,702,000 after buying an additional 6,300 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in FB Financial in the 1st quarter worth about $218,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FBK. Piper Sandler dropped 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 cut shares of FB Financial from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Finally, Keefe, Bruyette & Woods upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $52.00 to $58.00 in a research note on Friday, July 11th. One investment 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 stock has an average rating of "Moderate Buy" and a consensus price target of $58.25.

FB Financial Stock Down 2.5%

FBK traded down $1.23 during midday trading on Friday, hitting $47.53. 599,523 shares of the company traded hands, compared to its average volume of 542,322. FB Financial Corporation has a 52 week low of $38.83 and a 52 week high of $58.88. The firm has a market capitalization of $2.18 billion, a PE ratio of 24.63 and a beta of 0.92. The company's 50-day moving average is $45.87 and its 200 day moving average is $46.63.

FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings results on Monday, July 14th. The financial services provider reported $0.88 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 predict that FB Financial Corporation will post 3.64 earnings per share 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. Investors of record on Tuesday, August 12th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a 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.