24,859 Shares in FB Financial Co. (NYSE:FBK) Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC bought a new position in FB Financial Co. (NYSE:FBK - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 24,859 shares of the financial services provider's stock, valued at approximately $1,280,000. Voloridge Investment Management LLC owned 0.05% of FB Financial as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of FB Financial by 293.8% in the 4th quarter. JPMorgan Chase & Co. now owns 262,947 shares of the financial services provider's stock worth $13,544,000 after buying an additional 196,172 shares during the period. Raymond James Financial Inc. acquired a new position in shares of FB Financial in the fourth quarter valued at about $9,546,000. 12th Street Asset Management Company LLC grew its holdings in FB Financial by 65.2% during the fourth quarter. 12th Street Asset Management Company LLC now owns 197,300 shares of the financial services provider's stock worth $10,163,000 after acquiring an additional 77,885 shares during the period. Tudor Investment Corp ET AL grew its holdings in FB Financial by 489.5% during the fourth quarter. Tudor Investment Corp ET AL now owns 70,696 shares of the financial services provider's stock worth $3,642,000 after acquiring an additional 58,703 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in FB Financial by 29.0% during the fourth quarter. Nuveen Asset Management LLC now owns 259,809 shares of the financial services provider's stock worth $13,383,000 after acquiring an additional 58,402 shares during the period. Hedge funds and other institutional investors own 65.40% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at FB Financial

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

FB Financial Stock Performance

FB Financial stock traded down $0.35 during midday trading on Friday, reaching $43.61. The stock had a trading volume of 231,037 shares, compared to its average volume of 177,981. FB Financial Co. has a twelve month low of $34.50 and a twelve month high of $58.88. The stock has a market capitalization of $2.00 billion, a PE ratio of 17.66 and a beta of 0.93. The stock's 50-day simple moving average is $43.58 and its 200 day simple moving average is $49.16.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $132.28 million. During the same period in the previous year, the company earned $0.85 earnings per share. Equities analysts predict that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, May 13th. FB Financial's payout ratio is currently 27.94%.

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.