Tudor Investment Corp ET AL Buys 58,703 Shares of FB Financial Co. (NYSE:FBK)

Tudor Investment Corp ET AL increased its stake in shares of FB Financial Co. (NYSE:FBK - Free Report) by 489.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,696 shares of the financial services provider's stock after acquiring an additional 58,703 shares during the quarter. Tudor Investment Corp ET AL owned about 0.15% of FB Financial worth $3,642,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FBK. JPMorgan Chase & Co. increased its holdings in shares of FB Financial by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 66,775 shares of the financial services provider's stock worth $3,134,000 after purchasing an additional 4,918 shares during the period. SG Americas Securities LLC increased its stake in FB Financial by 39.7% during the fourth quarter. SG Americas Securities LLC now owns 19,850 shares of the financial services provider's stock valued at $1,022,000 after acquiring an additional 5,642 shares during the period. GAMMA Investing LLC raised its holdings in FB Financial by 45.2% in the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 314 shares in the last quarter. Barclays PLC lifted its position in shares of FB Financial by 58.3% in the 3rd quarter. Barclays PLC now owns 94,062 shares of the financial services provider's stock worth $4,415,000 after acquiring an additional 34,633 shares during the period. Finally, Intech Investment Management LLC grew its holdings in shares of FB Financial by 136.2% during the 4th quarter. Intech Investment Management LLC now owns 16,595 shares of the financial services provider's stock worth $855,000 after purchasing an additional 9,570 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FBK has been the subject of several research reports. StockNews.com cut FB Financial from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price objective on shares of FB Financial from $58.00 to $52.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Stephens decreased their target price on shares of FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler dropped their price target 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. Finally, Hovde Group raised FB Financial from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from $60.00 to $59.00 in a report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, FB Financial presently has an average rating of "Hold" and a consensus target price of $53.80.

FB Financial Price Performance

Shares of NYSE:FBK traded down $0.41 during midday trading on Tuesday, reaching $44.21. The company's stock had a trading volume of 158,646 shares, compared to its average volume of 171,403. The business's fifty day simple moving average is $44.48 and its 200-day simple moving average is $49.88. The company has a market capitalization of $2.06 billion, a P/E ratio of 17.90 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 announced its earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.85. The company had revenue of $130.67 million for the quarter, compared to analyst estimates of $132.28 million. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. During the same period in the prior year, the business earned $0.85 earnings per share. On average, analysts forecast that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. FB Financial's dividend payout ratio (DPR) is currently 27.94%.

Insider Transactions at FB Financial

In related news, Director James W. Iv Cross acquired 7,200 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was acquired at an average cost of $40.49 per share, with a total value of $291,528.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder James W. Ayers bought 2,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $48.51 per share, for a total transaction of $97,020.00. Following the purchase, the insider now directly owns 10,931,841 shares of the company's stock, valued at approximately $530,303,606.91. This trade represents a 0.02 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 11,200 shares of company stock worth $492,208 over the last 90 days. 1.90% of the stock is owned by insiders.

About FB Financial

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.