Raymond James Trust N.A. Takes $201,000 Position in FB Financial Co. (NYSE:FBK)

Raymond James Trust N.A. acquired a new position in FB Financial Co. (NYSE:FBK) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,274 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. nVerses Capital LLC acquired a new position in FB Financial in the 3rd quarter valued at approximately $84,000. Entropy Technologies LP acquired a new position in shares of FB Financial in the third quarter valued at $202,000. Renaissance Technologies LLC bought a new position in FB Financial in the second quarter worth $217,000. B. Riley Wealth Advisors Inc. boosted its stake in FB Financial by 17.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock worth $277,000 after buying an additional 1,067 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in FB Financial in the 3rd quarter valued at $330,000. Institutional investors own 65.40% of the company’s stock.

Insider Buying and Selling

In related news, Director James W. Iv Cross sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the transaction, the director now owns 54,078 shares in the company, valued at $3,148,421.16. This trade represents a 8.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder James W. Ayers acquired 2,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was purchased at an average price of $48.17 per share, with a total value of $96,340.00. Following the completion of the transaction, the insider now owns 10,894,341 shares of the company’s stock, valued at approximately $524,780,405.97. This trade represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 13,000 shares of company stock worth $658,460 in the last quarter. Insiders own 1.70% of the company’s stock.

FB Financial Stock Performance

Shares of FBK opened at $56.31 on Friday. The stock has a fifty day moving average price of $50.48 and a two-hundred day moving average price of $44.84. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 24.59 and a beta of 1.12. FB Financial Co. has a 52-week low of $32.09 and a 52-week high of $58.88.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $127.44 million. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, research analysts predict that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s dividend payout ratio is currently 29.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FBK shares. Hovde Group downgraded shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a report on Monday, November 18th. Keefe, Bruyette & Woods lifted their price objective on FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, October 16th. Finally, StockNews.com cut FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, FB Financial has a consensus rating of “Hold” and a consensus target price of $48.60.

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.