FB Financial Co. (NYSE:FBK) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its position in FB Financial Co. (NYSE:FBK - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,798 shares of the financial services provider's stock after selling 63,106 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.41% of FB Financial worth $7,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citadel Advisors LLC lifted its stake in FB Financial by 0.7% in the second quarter. Citadel Advisors LLC now owns 35,129 shares of the financial services provider's stock valued at $1,378,000 after buying an additional 249 shares during the last quarter. American International Group Inc. lifted its stake in FB Financial by 1.6% in the second quarter. American International Group Inc. now owns 19,580 shares of the financial services provider's stock valued at $768,000 after buying an additional 314 shares during the last quarter. Mariner LLC lifted its stake in FB Financial by 1.6% in the third quarter. Mariner LLC now owns 20,087 shares of the financial services provider's stock valued at $570,000 after buying an additional 323 shares during the last quarter. Osaic Holdings Inc. lifted its stake in FB Financial by 15.2% in the second quarter. Osaic Holdings Inc. now owns 2,969 shares of the financial services provider's stock valued at $83,000 after buying an additional 392 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in FB Financial by 17.6% in the third quarter. PNC Financial Services Group Inc. now owns 3,007 shares of the financial services provider's stock valued at $85,000 after buying an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

FB Financial Stock Down 5.4 %

FBK stock traded down $1.99 on Wednesday, reaching $34.62. 152,087 shares of the company's stock were exchanged, compared to its average volume of 126,739. The stock has a fifty day moving average of $36.07 and a 200-day moving average of $34.87. FB Financial Co. has a twelve month low of $24.34 and a twelve month high of $41.00. The firm has a market cap of $1.62 billion, a PE ratio of 13.47 and a beta of 1.15.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.06. FB Financial had a return on equity of 10.10% and a net margin of 16.05%. The firm had revenue of $116.43 million for the quarter, compared to analyst estimates of $121.58 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, equities research analysts predict 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 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Monday, February 12th. This is a positive change from FB Financial's previous quarterly dividend of $0.15. FB Financial's dividend payout ratio is currently 26.46%.

Analyst Ratings Changes

Several equities research analysts have recently commented on FBK shares. Hovde Group cut FB Financial from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $41.50 to $40.00 in a research note on Wednesday, January 17th. Stephens cut their price target on FB Financial from $45.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 17th. Finally, StockNews.com cut FB Financial from a "hold" rating to a "sell" rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, FB Financial currently has a consensus rating of "Hold" and a consensus price target of $36.90.

Insider Buying and Selling

In other news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction on Monday, January 22nd. The shares were bought at an average price of $38.20 per share, with a total value of $76,400.00. Following the completion of the acquisition, the insider now owns 10,881,841 shares of the company's stock, 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. In other news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction on Monday, January 22nd. The shares were bought at an average price of $38.20 per share, with a total value of $76,400.00. Following the completion of the acquisition, the insider now owns 10,881,841 shares of the company's stock, 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 cost of $35.91 per share, for a total transaction of $107,730.00. Following the acquisition, the insider now directly owns 10,884,841 shares of the company's stock, valued at approximately $390,874,640.31. The disclosure for this purchase can be found here. Insiders have acquired 9,000 shares of company stock valued at $327,410 over the last quarter. Company insiders own 1.90% of the company's stock.

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.