FB Financial Corporation $FBK Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its stake in FB Financial Corporation (NYSE:FBK) by 5.6% in the third quarter, HoldingsChannel.com reports. The firm owned 332,035 shares of the financial services provider’s stock after selling 19,842 shares during the quarter. Leeward Investments LLC MA’s holdings in FB Financial were worth $17,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBK. Simplicity Wealth LLC lifted its stake in shares of FB Financial by 1.2% in the first quarter. Simplicity Wealth LLC now owns 16,197 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 190 shares during the period. GAMMA Investing LLC grew its position in FB Financial by 9.2% during the third quarter. GAMMA Investing LLC now owns 2,562 shares of the financial services provider’s stock worth $132,000 after buying an additional 216 shares during the period. The Manufacturers Life Insurance Company grew its position in FB Financial by 1.2% during the first quarter. The Manufacturers Life Insurance Company now owns 20,048 shares of the financial services provider’s stock worth $1,041,000 after buying an additional 235 shares during the period. Arizona State Retirement System grew its position in FB Financial by 3.4% during the second quarter. Arizona State Retirement System now owns 12,159 shares of the financial services provider’s stock worth $673,000 after buying an additional 395 shares during the period. Finally, Toth Financial Advisory Corp increased its holdings in FB Financial by 4.3% in the second quarter. Toth Financial Advisory Corp now owns 9,695 shares of the financial services provider’s stock valued at $537,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

FB Financial Stock Up 0.1%

Shares of FBK stock opened at $53.51 on Monday. FB Financial Corporation has a fifty-two week low of $49.24 and a fifty-two week high of $62.65. The stock has a market cap of $2.67 billion, a P/E ratio of 11.89 and a beta of 0.98. The business has a fifty day simple moving average of $54.57 and a 200-day simple moving average of $55.28.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. FB Financial had a return on equity of 12.32% and a net margin of 22.62%. The business had revenue of $175.62 million during the quarter, compared to the consensus estimate of $181.56 million. On average, sell-side analysts anticipate that FB Financial Corporation will post 4.65 earnings per share for the current year.

FB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 10th. FB Financial’s dividend payout ratio is presently 18.67%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FBK shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $65.00 target price on shares of FB Financial in a report on Wednesday, October 14th. Truist Financial set a $64.00 price target on FB Financial in a research note on Wednesday, October 14th. Keefe, Bruyette & Woods lowered their price target on FB Financial from $65.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th. Raymond James Financial upped their price target on FB Financial from $62.00 to $63.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings raised FB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $64.43.

Insiders Place Their Bets

In other FB Financial news, Director Orrin Ingram, II bought 29,081 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was purchased at an average cost of $52.88 per share, for a total transaction of $1,537,803.28. Following the acquisition, the director owned 124,391 shares of the company’s stock, valued at $6,577,796.08. The trade was a 30.51% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

FB Financial Company Profile

FB Financial Corporation (NYSE: FBK) is a financial services holding company headquartered in Nashville, Tennessee. Its principal subsidiary, FirstBank, provides banking and financial services to individuals, businesses and institutions through a network of branches and digital banking channels.

FirstBank offers deposit accounts, consumer and commercial loans, mortgage lending, treasury and cash-management services, and wealth-management solutions. Its lending activities include residential mortgages, commercial real estate, business loans and consumer credit products.