4,265 Shares in FB Financial Co. (NYSE:FBK) Purchased by Lbmc Investment Advisors LLC

Lbmc Investment Advisors LLC acquired a new stake in shares of FB Financial Co. (NYSE:FBK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,265 shares of the financial services provider’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of FB Financial by 2.7% during the second quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 467 shares in the last quarter. American Century Companies Inc. raised its stake in shares of FB Financial by 1.2% during the 2nd quarter. American Century Companies Inc. now owns 180,129 shares of the financial services provider’s stock valued at $7,030,000 after purchasing an additional 2,110 shares during the period. Envestnet Asset Management Inc. lifted its holdings in FB Financial by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 204,983 shares of the financial services provider’s stock worth $8,001,000 after purchasing an additional 4,364 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in FB Financial by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock worth $75,623,000 after purchasing an additional 106,553 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in FB Financial in the 2nd quarter worth about $217,000. Institutional investors own 65.40% of the company’s stock.

Insider Buying and Selling

In other news, Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the sale, the director now directly owns 54,078 shares in the company, valued at approximately $3,148,421.16. The trade was a 8.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average cost of $48.13 per share, for a total transaction of $96,260.00. Following the acquisition, the insider now owns 10,902,341 shares in the company, valued at $524,729,672.33. The trade was a 0.02 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 19,500 shares of company stock worth $988,050. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FBK. Hovde Group cut FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research report on Monday, November 18th. StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.20.

FB Financial Price Performance

Shares of FBK opened at $52.41 on Friday. FB Financial Co. has a 1-year low of $33.35 and a 1-year high of $58.88. The company has a market capitalization of $2.45 billion, a P/E ratio of 22.89 and a beta of 1.16. The firm’s 50 day simple moving average is $53.88 and its 200 day simple moving average is $48.87.

FB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s dividend payout ratio is currently 29.69%.

FB Financial 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.