FB Financial Corporation (NYSE:FBK) Shares Bought by Homestead Advisers Corp

Homestead Advisers Corp raised its holdings in shares of FB Financial Corporation (NYSE:FBK - Free Report) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,559 shares of the financial services provider's stock after acquiring an additional 6,300 shares during the quarter. Homestead Advisers Corp owned approximately 0.31% of FB Financial worth $6,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Sterling Capital Management LLC grew its position in shares of 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 valued at $58,000 after purchasing an additional 997 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of FB Financial by 36.7% in 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 position 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 acquiring an additional 611 shares in the last quarter. LPL Financial LLC bought a new stake in FB Financial during the fourth quarter worth approximately $206,000. Finally, Covenant Partners LLC purchased a new stake in FB Financial during the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 65.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FBK shares. Wall Street Zen downgraded FB Financial from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Stephens decreased their price objective on shares of FB Financial from $65.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Piper Sandler decreased their price objective on shares of FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Hovde Group raised shares of FB Financial from a "market perform" rating to an "outperform" rating and decreased their price objective for the stock from $60.00 to $59.00 in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $52.00 to $58.00 in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.25.

FB Financial Stock Down 0.8%

Shares of NYSE FBK traded down $0.41 during trading hours on Thursday, hitting $48.14. 395,707 shares of the stock were exchanged, compared to its average volume of 253,714. The company has a market cap of $2.21 billion, a PE ratio of 24.94 and a beta of 0.91. The firm has a fifty day moving average price of $45.30 and a 200-day moving average price of $46.73. FB Financial Corporation has a 12 month low of $38.83 and a 12 month high of $58.88.

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

FB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, May 13th. 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.