Jane Street Group LLC Sells 49,891 Shares of FB Financial Co. (NYSE:FBK)

Jane Street Group LLC reduced its stake in FB Financial Co. (NYSE:FBK - Free Report) by 69.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,596 shares of the financial services provider's stock after selling 49,891 shares during the period. Jane Street Group LLC's holdings in FB Financial were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in FBK. Sterling Capital Management LLC boosted its stake in shares of 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 valued at $58,000 after buying an additional 997 shares during the period. KBC Group NV boosted its stake in shares of FB Financial by 36.2% in the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock valued at $108,000 after buying an additional 555 shares during the period. LPL Financial LLC bought a new stake in shares of FB Financial in the fourth quarter valued at approximately $206,000. Bank of Montreal Can bought a new stake in shares of FB Financial in the fourth quarter valued at approximately $221,000. Finally, Pinnacle Financial Partners Inc boosted its stake in shares of FB Financial by 412.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 5,253 shares of the financial services provider's stock valued at $266,000 after buying an additional 4,227 shares during the period. 65.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on FBK. Piper Sandler lowered 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 report on Thursday, April 17th. Hovde Group raised FB Financial from a "market perform" rating to an "outperform" rating and reduced their target price for the company from $60.00 to $59.00 in a report on Tuesday, April 1st. Wall Street Zen raised FB Financial from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Stephens reduced their target price on FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on FB Financial from $58.00 to $52.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $53.80.

Insider Activity at FB Financial

In related news, major shareholder James W. Ayers bought 2,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $48.51 per share, with a total value of $97,020.00. Following the acquisition, the insider now owns 10,931,841 shares of the company's stock, valued at $530,303,606.91. This represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James W. Iv Cross bought 7,200 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were bought at an average cost of $40.49 per share, for a total transaction of $291,528.00. Following the completion of the acquisition, the director now directly owns 61,278 shares in the company, valued at approximately $2,481,146.22. This trade represents a 13.31% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

FB Financial Stock Up 2.0%

Shares of FBK stock traded up $0.86 during trading hours on Tuesday, reaching $44.49. The company's stock had a trading volume of 114,768 shares, compared to its average volume of 177,476. The firm's 50 day simple moving average is $43.75 and its 200-day simple moving average is $49.29. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.01 and a beta of 0.93. FB Financial Co. has a fifty-two week low of $34.50 and a fifty-two week high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last issued its earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, meeting analysts' consensus estimates of $0.85. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. The firm had revenue of $130.67 million for the quarter, compared to the consensus estimate of $132.28 million. During the same quarter last year, the business posted $0.85 EPS. Sell-side analysts predict that FB Financial Co. will post 3.64 earnings per share for the current year.

FB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, May 13th. FB Financial's dividend payout ratio (DPR) is 27.94%.

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.