Empowered Funds LLC Purchases 7,037 Shares of FB Financial Co. (NYSE:FBK)

Empowered Funds LLC grew its holdings in FB Financial Co. (NYSE:FBK) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,755 shares of the financial services provider’s stock after purchasing an additional 7,037 shares during the period. Empowered Funds LLC’s holdings in FB Financial were worth $7,508,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in FB Financial by 7.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock valued at $10,786,000 after purchasing an additional 15,739 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of FB Financial by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock valued at $38,272,000 after acquiring an additional 7,021 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of FB Financial by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock valued at $17,521,000 after acquiring an additional 14,797 shares during the last quarter. Raymond James & Associates raised its holdings in FB Financial by 5.0% during the third quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock worth $6,080,000 after acquiring an additional 6,183 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in FB Financial by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 66,775 shares of the financial services provider’s stock valued at $3,134,000 after purchasing an additional 4,918 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.

FB Financial Trading Down 1.0 %

FBK stock opened at $52.46 on Tuesday. The business’s 50 day simple moving average is $52.92 and its 200 day simple moving average is $50.01. FB Financial Co. has a 1-year low of $33.35 and a 1-year high of $58.88. The firm has a market capitalization of $2.45 billion, a PE ratio of 21.24 and a beta of 1.15.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. As a group, sell-side analysts predict that FB Financial Co. will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, February 11th. This is an increase from FB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.45%. FB Financial’s dividend payout ratio (DPR) is 30.77%.

Analysts Set New Price Targets

FBK has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group lowered shares of 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. Finally, StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.20.

Insider Transactions at FB Financial

In other news, major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was acquired at an average cost of $51.40 per share, with a total value of $102,800.00. Following the acquisition, the insider now owns 10,913,841 shares in the company, valued at approximately $560,971,427.40. This trade represents a 0.02 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 12,000 shares of company stock worth $613,220 over the last quarter. Company insiders own 1.70% of the company’s stock.

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.