Empowered Funds LLC Has $6.51 Million Stock Position in FB Financial Co. (NYSE:FBK)

Empowered Funds LLC boosted its stake in FB Financial Co. (NYSE:FBK) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,718 shares of the financial services provider’s stock after acquiring an additional 6,968 shares during the period. Empowered Funds LLC owned 0.30% of FB Financial worth $6,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of FB Financial by 73.6% during the first quarter. BNP Paribas Financial Markets now owns 18,029 shares of the financial services provider’s stock worth $679,000 after buying an additional 7,643 shares during the period. SG Americas Securities LLC bought a new position in shares of FB Financial in the 1st quarter worth about $165,000. Russell Investments Group Ltd. lifted its stake in shares of FB Financial by 13.5% in the 1st quarter. Russell Investments Group Ltd. now owns 12,796 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 1,518 shares during the period. ProShare Advisors LLC lifted its stake in shares of FB Financial by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 494 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of FB Financial by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,464,295 shares of the financial services provider’s stock valued at $92,805,000 after purchasing an additional 9,694 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

Insider Buying and Selling at FB Financial

In other FB Financial news, Director James W. Iv Cross sold 5,000 shares of FB Financial stock in a transaction on Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the transaction, the director now directly owns 54,078 shares of the company’s stock, valued at $3,148,421.16. The trade was a 8.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James W. Ayers bought 1,000 shares of FB Financial stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of $57.15 per share, with a total value of $57,150.00. Following the purchase, the insider now owns 10,909,841 shares in the company, valued at approximately $623,497,413.15. This represents a 0.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 13,000 shares of company stock worth $658,460. Insiders own 1.70% of the company’s stock.

FB Financial Stock Down 0.7 %

Shares of NYSE:FBK opened at $55.83 on Friday. FB Financial Co. has a twelve month low of $32.09 and a twelve month high of $58.88. The stock’s 50 day moving average is $48.80 and its 200-day moving average is $43.75. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 24.38 and a beta of 1.12.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The firm had revenue of $169.13 million for the quarter, compared to the consensus estimate of $127.44 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. Equities research analysts anticipate that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be given a $0.17 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.22%. FB Financial’s payout ratio is 29.69%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target on FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, October 16th. Hovde Group boosted their target price on shares of FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, StockNews.com cut shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $47.80.

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.