SG Americas Securities LLC Raises Holdings in FB Financial Co. (NYSE:FBK)

SG Americas Securities LLC grew its holdings in FB Financial Co. (NYSE:FBKFree Report) by 39.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,850 shares of the financial services provider’s stock after purchasing an additional 5,642 shares during the quarter. SG Americas Securities LLC’s holdings in FB Financial were worth $1,022,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 314 shares during the last quarter. Albert D Mason Inc. boosted its position in FB Financial by 1.5% in the 4th quarter. Albert D Mason Inc. now owns 23,474 shares of the financial services provider’s stock valued at $1,209,000 after buying an additional 346 shares during the period. Stifel Financial Corp grew its stake in FB Financial by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock worth $3,786,000 after purchasing an additional 356 shares in the last quarter. Captrust Financial Advisors lifted its stake in FB Financial by 1.9% in the third quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock worth $1,611,000 after acquiring an additional 631 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of FB Financial by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,967 shares of the financial services provider’s stock worth $701,000 after purchasing an additional 743 shares during the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Hovde Group cut FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research report on Monday, November 18th. 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.20.

View Our Latest Stock Analysis on FBK

Insider Activity

In other news, Director James W. Iv Cross sold 5,000 shares of FB Financial 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 transaction, the director now owns 54,078 shares in the company, valued at approximately $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $55.70 per share, for a total transaction of $111,400.00. Following the purchase, the insider now directly owns 10,908,841 shares of the company’s stock, valued at $607,622,443.70. This trade represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 11,000 shares of company stock worth $572,510. 1.70% of the stock is owned by company insiders.

FB Financial Stock Performance

Shares of NYSE:FBK opened at $52.79 on Wednesday. The business’s 50-day simple moving average is $53.46 and its 200 day simple moving average is $49.52. The company has a market cap of $2.46 billion, a P/E ratio of 21.37 and a beta of 1.16. FB Financial Co. has a one year low of $33.35 and a one year high of $58.88.

FB Financial (NYSE:FBKGet Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. Analysts predict that FB Financial Co. will post 3.59 earnings per share for the current year.

FB Financial Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding FBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FB Financial Co. (NYSE:FBKFree Report).

Institutional Ownership by Quarter for FB Financial (NYSE:FBK)

Receive News & Ratings for FB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FB Financial and related companies with MarketBeat.com's FREE daily email newsletter.