1 week Ago By Defense World Staff
JPMorgan Chase & Co. increased its stake in FB Financial Co. ( NYSE:FBK – Free Report ) by 293.
8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 262,947 shares of the financial services provider’s stock after acquiring an additional 196,172 shares during the quarter. JPMorgan Chase & Co.
owned approximately 0.56% of FB Financial worth $13,544,000 at the end of the most recent reporting period. Other large investors also recently added to or reduced their stakes in the company.
Geode Capital Management LLC boosted its stake in shares of FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock worth $38,272,000 after acquiring an additional 7,021 shares during the last quarter.
Charles Schwab Investment Management Inc. boosted its stake in FB Financial by 0.8% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 376,288 shares of the financial services provider’s stock worth $19,383,000 after purchasing an additional 2,943 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of FB Financial by 1.
9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 234,264 shares of the financial services provider’s stock worth $12,067,000 after buying an additional 4,435 shares in the last quarter. 12th Street Asset Management Company LLC lifted its stake in shares of FB Financial by 65.
2% in 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. Finally, Principal Financial Group Inc.
boosted its position in FB Financial by 3.7% during the fourth quarter. Principal Financial Group Inc.
now owns 186,201 shares of the financial services provider’s stock worth $9,591,000 after acquiring an additional 6,612 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In A number of equities analysts have weighed in on the company. Stephens lowered their price objective on FB Financial from $65.00 to $58.
00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd.
Piper Sandler raised their price objective 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.
Finally, Hovde Group raised shares of FB Financial from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $60.00 to $59.00 in a research note on Tuesday, April 1st.
One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.40.
FB Financial Trading Down 0.6 % Shares of NYSE:FBK opened at $40.56 on Friday.
FB Financial Co. has a 12-month low of $33.35 and a 12-month high of $58.
88. The stock’s 50-day moving average price is $47.59 and its two-hundred day moving average price is $50.
40. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 16.
42 and a beta of 0.92. FB Financial ( NYSE:FBK – Get Free Report ) last posted 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 return on equity of 10.43% and a net margin of 15.
18%. As a group, research analysts forecast that FB Financial Co. will post 3.
64 earnings per share for the current fiscal year. FB Financial Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were given a $0.
19 dividend. This is a positive change from FB Financial’s previous quarterly dividend of $0.17.
The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.
87%. FB Financial’s dividend payout ratio (DPR) is presently 30.77%.
Insider Activity In related news, major shareholder James W. Ayers acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of $52.
07 per share, for a total transaction of $104,140.00. Following the completion of the purchase, the insider now directly owns 10,921,841 shares in the company, valued at $568,700,260.
87. This trade represents a 0.02 % increase in their ownership of the stock.
The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website . In the last ninety days, insiders bought 8,000 shares of company stock worth $409,940. 1.
70% of the stock is currently owned by insiders. 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. Featured Stories Five stocks we like better than FB Financial Pros And Cons Of Monthly Dividend Stocks Robinhood Strategies Could Be a Game-Changer for Young Investors What Are Treasury Bonds? Are These 3 Retail Stocks Oversold or Really in Trouble? 3 Natural Gas Stocks That Offer Great Dividend Yields IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead 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 .
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