1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its holdings in shares of FB Financial Co. ( NYSE:FBK – Free Report ) by 293.
8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 262,947 shares of the financial services provider’s stock after buying an additional 196,172 shares during the quarter. JPMorgan Chase & Co.
’s holdings in FB Financial were worth $13,544,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds also recently modified their holdings of FBK. Raymond James Financial Inc.
acquired a new stake in FB Financial during the fourth quarter worth about $9,546,000. 12th Street Asset Management Company LLC boosted its stake in FB Financial by 65.2% during the fourth quarter.
12th Street Asset Management Company LLC now owns 197,300 shares of the financial services provider’s stock worth $10,163,000 after buying an additional 77,885 shares in the last quarter. Jane Street Group LLC increased its holdings in FB Financial by 120.6% in the 3rd quarter.
Jane Street Group LLC now owns 71,487 shares of the financial services provider’s stock valued at $3,355,000 after buying an additional 39,086 shares during the period. Barclays PLC lifted its stake in FB Financial by 58.3% during the third quarter.
Barclays PLC now owns 94,062 shares of the financial services provider’s stock worth $4,415,000 after purchasing an additional 34,633 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of FB Financial by 103.
7% during the 3rd quarter. Franklin Resources Inc. now owns 42,182 shares of the financial services provider’s stock worth $2,013,000 after buying an additional 21,475 shares during the period.
65.40% of the stock is owned by institutional investors. Insider Buying and Selling at FB Financial In related news, major shareholder James W.
Ayers purchased 2,000 shares of FB Financial stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $52.56 per share, for a total transaction of $105,120.
00. Following the completion of the acquisition, the insider now owns 10,919,841 shares of the company’s stock, valued at $573,946,842.96.
This trade represents a 0.02 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link .
Over the last three months, insiders bought 8,000 shares of company stock worth $409,940. 1.70% of the stock is currently owned by insiders.
FB Financial Stock Performance FB Financial ( NYSE:FBK – Get Free Report ) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that FB Financial Co.
will post 3.64 EPS for the current year. FB Financial Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th.
Shareholders of record on Tuesday, February 11th were issued a $0.19 dividend. This represents a $0.
76 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, February 11th.
This is a boost from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s dividend payout ratio is presently 30.
77%. Wall Street Analyst Weigh In Several equities analysts have issued reports on the company. StockNews.
com upgraded FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Piper Sandler upped their price target on shares of FB Financial from $58.00 to $60.
00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $60.00 to $59.
00 in a research report on Tuesday, April 1st. Finally, Stephens reduced their target price on shares of FB Financial from $65.00 to $58.
00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.
com, the company has an average rating of “Hold” and a consensus price target of $55.40. Read Our Latest Research Report on FBK 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:FBK – Free Report ). 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.
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