2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. raised its position in FB Financial Co. ( NYSE:FBK – Free Report ) by 2.
2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 204,983 shares of the financial services provider’s stock after acquiring an additional 4,364 shares during the period. Envestnet Asset Management Inc.
owned about 0.44% of FB Financial worth $8,001,000 as of its most recent SEC filing. Other large investors have also recently added to or reduced their stakes in the company.
Wasatch Advisors LP increased its holdings in FB Financial by 13.1% during the 1st quarter. Wasatch Advisors LP now owns 1,199,457 shares of the financial services provider’s stock valued at $45,172,000 after purchasing an additional 139,395 shares in the last quarter.
Quest Partners LLC acquired a new stake in shares of FB Financial in the 2nd quarter valued at about $450,000. CANADA LIFE ASSURANCE Co increased its position in shares of FB Financial by 7.5% in the first quarter.
CANADA LIFE ASSURANCE Co now owns 30,315 shares of the financial services provider’s stock valued at $1,142,000 after acquiring an additional 2,103 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of FB Financial by 13.
5% in the first quarter. Russell Investments Group Ltd. now owns 12,796 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 1,518 shares during the last quarter.
Finally, Rafferty Asset Management LLC grew its holdings in FB Financial by 55.0% during the fourth quarter. Rafferty Asset Management LLC now owns 35,590 shares of the financial services provider’s stock worth $1,418,000 after purchasing an additional 12,632 shares during the period.
Institutional investors and hedge funds own 65.40% of the company’s stock. FB Financial Trading Down 0.
4 % Shares of FBK opened at $46.18 on Friday. The firm’s 50-day moving average price is $45.
92 and its 200-day moving average price is $40.46. The firm has a market capitalization of $2.
17 billion, a price-to-earnings ratio of 19.40 and a beta of 1.13.
FB Financial Co. has a 1-year low of $27.42 and a 1-year high of $49.
97. FB Financial Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.
17 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.
68 annualized dividend and a dividend yield of 1.47%. FB Financial’s payout ratio is 28.
57%. Wall Street Analysts Forecast Growth Several equities research analysts recently issued reports on the company. Piper Sandler cut FB Financial from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $41.
00 to $46.00 in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods upped their price target on shares of FB Financial from $40.
00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co.
cut their price objective on shares of FB Financial from $43.00 to $42.00 and set an “underweight” rating on the stock in a research report on Thursday, June 27th.
Finally, Stephens reissued an “overweight” rating and set a $45.00 price objective on shares of FB Financial in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company.
According to data from MarketBeat.com, FB Financial currently has a consensus rating of “Hold” and an average price target of $42.33.
View Our Latest Analysis on FBK About FB Financial ( 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.
Read More 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:FBK – Free Report ).
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