FB Financial Co. (NYSE:FBK) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of FB Financial Co. (NYSE:FBK - Free Report) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,405,288 shares of the financial services provider's stock after selling 31,398 shares during the quarter. Vanguard Group Inc. owned 5.14% of FB Financial worth $68,214,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FBK. Citadel Advisors LLC raised its position in FB Financial by 0.7% in the 2nd quarter. Citadel Advisors LLC now owns 35,129 shares of the financial services provider's stock worth $1,378,000 after purchasing an additional 249 shares during the period. American International Group Inc. raised its position in FB Financial by 1.6% in the 2nd quarter. American International Group Inc. now owns 19,580 shares of the financial services provider's stock worth $768,000 after purchasing an additional 314 shares during the period. Mariner LLC raised its position in FB Financial by 1.6% in the 3rd quarter. Mariner LLC now owns 20,087 shares of the financial services provider's stock worth $570,000 after purchasing an additional 323 shares during the period. Osaic Holdings Inc. raised its position in FB Financial by 15.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,969 shares of the financial services provider's stock worth $83,000 after purchasing an additional 392 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in FB Financial by 17.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,007 shares of the financial services provider's stock worth $85,000 after purchasing an additional 449 shares during the period. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on FBK. Stephens reduced their price objective on shares of FB Financial from $45.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 17th. StockNews.com lowered shares of FB Financial from a "hold" rating to a "sell" rating in a research report on Thursday, March 21st. Finally, Hovde Group lowered shares of FB Financial from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $41.50 to $40.00 in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.90.

Insider Activity at FB Financial

In other FB Financial news, major shareholder James W. Ayers acquired 2,000 shares of the business's stock in a transaction that occurred on Monday, January 22nd. The shares were bought at an average cost of $38.20 per share, with a total value of $76,400.00. Following the completion of the acquisition, the insider now directly owns 10,881,841 shares in the company, valued at approximately $415,686,326.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction on Monday, January 22nd. The stock was bought at an average cost of $38.20 per share, for a total transaction of $76,400.00. Following the completion of the purchase, the insider now directly owns 10,881,841 shares in the company, valued at $415,686,326.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder James W. Ayers bought 3,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $35.91 per share, with a total value of $107,730.00. Following the completion of the purchase, the insider now owns 10,884,841 shares of the company's stock, valued at $390,874,640.31. The disclosure for this purchase can be found here. Insiders have acquired a total of 9,000 shares of company stock valued at $327,410 over the last ninety days. 1.90% of the stock is owned by company insiders.

FB Financial Price Performance

Shares of NYSE:FBK traded up $0.29 during trading on Friday, reaching $36.12. 105,726 shares of the company were exchanged, compared to its average volume of 116,020. The firm has a market capitalization of $1.69 billion, a PE ratio of 14.05 and a beta of 1.15. The business's fifty day simple moving average is $36.23 and its 200-day simple moving average is $34.70. FB Financial Co. has a 12-month low of $24.34 and a 12-month high of $41.00.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The company had revenue of $116.43 million for the quarter, compared to analyst estimates of $121.58 million. FB Financial had a net margin of 16.05% and a return on equity of 10.10%. During the same period last year, the company posted $0.85 earnings per share. On average, sell-side analysts anticipate that FB Financial Co. will post 2.84 EPS for the current fiscal year.

FB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.88%. This is a positive change from FB Financial's previous quarterly dividend of $0.15. The ex-dividend date was Monday, February 12th. FB Financial's dividend payout ratio (DPR) is presently 26.46%.

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.