FB Financial (NYSE:FBK) Sees Unusually-High Trading Volume

FB Financial Co. (NYSE:FBK - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 221,010 shares were traded during mid-day trading, an increase of 72% from the previous session's volume of 128,217 shares.The stock last traded at $35.65 and had previously closed at $34.63.

Analyst Ratings Changes

FBK has been the topic of several research reports. Stephens dropped their target price on 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. Piper Sandler raised FB Financial from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $41.00 in a report on Tuesday. StockNews.com lowered FB Financial from a "hold" rating to a "sell" rating in a report on Thursday, March 21st. Finally, Hovde Group raised FB Financial from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $40.00 to $40.50 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $37.67.

FB Financial Stock Performance

The stock has a 50-day simple moving average of $35.96 and a 200 day simple moving average of $35.11. The company has a market cap of $1.70 billion, a P/E ratio of 14.08 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 EPS 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 company had revenue of $116.43 million during the quarter, compared to the consensus estimate of $121.58 million. During the same quarter last year, the company earned $0.85 EPS. Sell-side analysts anticipate that FB Financial Co. will post 2.84 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a $0.17 dividend. The ex-dividend date was Monday, February 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.88%. This is an increase from FB Financial's previous quarterly dividend of $0.15. FB Financial's dividend payout ratio (DPR) is currently 26.46%.

Insiders Place Their Bets

In related news, major shareholder James W. Ayers bought 2,000 shares of the company's stock in a transaction dated Monday, January 22nd. The stock was acquired at an average cost of $38.20 per share, with a total value of $76,400.00. Following the acquisition, the insider now owns 10,881,841 shares in the company, valued at approximately $415,686,326.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder James W. Ayers bought 2,000 shares of the company's stock in a transaction dated Monday, January 22nd. The stock was acquired at an average cost of $38.20 per share, with a total value of $76,400.00. Following the acquisition, the insider now owns 10,881,841 shares in the company, valued at approximately $415,686,326.20. The transaction was disclosed in a 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 company's stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $35.91 per share, with a total value of $107,730.00. Following the completion of the acquisition, the insider now owns 10,884,841 shares in the company, valued at approximately $390,874,640.31. The disclosure for this purchase can be found here. In the last quarter, insiders bought 9,000 shares of company stock worth $327,410. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FB Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of FBK. T. Rowe Price Investment Management Inc. increased its holdings in FB Financial by 7.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,169,690 shares of the financial services provider's stock valued at $186,833,000 after purchasing an additional 348,790 shares in the last quarter. Wellington Management Group LLP acquired a new stake in FB Financial during the 1st quarter valued at $13,000,000. Heartland Advisors Inc. acquired a new stake in FB Financial during the 4th quarter valued at $11,237,000. Wasatch Advisors Inc. increased its holdings in FB Financial by 17.7% during the 1st quarter. Wasatch Advisors Inc. now owns 1,579,663 shares of the financial services provider's stock valued at $70,169,000 after purchasing an additional 237,256 shares in the last quarter. Finally, Wasatch Advisors LP increased its stake in shares of FB Financial by 26.3% in the 4th quarter. Wasatch Advisors LP now owns 1,060,062 shares of the financial services provider's stock valued at $42,243,000 after buying an additional 220,835 shares during the period. 65.40% of the stock is owned by institutional investors and hedge funds.

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.