Chicago Equity Partners LLC reduced its position in FB Financial Corporation (NYSE:FBK) by 79.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,598 shares of the financial services provider’s stock after selling 49,560 shares during the period. Chicago Equity Partners LLC’s holdings in FB Financial Corporation were worth $475,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBK. Nationwide Fund Advisors boosted its position in shares of FB Financial Corporation by 78.1% in the 2nd quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,732 shares during the last quarter. American International Group Inc. bought a new position in shares of FB Financial Corporation in the 1st quarter worth $144,000. Metropolitan Life Insurance Co. NY bought a new position in shares of FB Financial Corporation in the 1st quarter worth $179,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of FB Financial Corporation in the 3rd quarter worth $202,000. Finally, IFC Holdings Incorporated FL bought a new position in shares of FB Financial Corporation in the 2nd quarter worth $239,000. 32.28% of the stock is owned by institutional investors.
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FB Financial Corporation (FBK) opened at $40.14 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 0.92. The firm has a market capitalization of $1,195.14, a PE ratio of 20.18 and a beta of 2.46. FB Financial Corporation has a twelve month low of $22.27 and a twelve month high of $41.97.
FB Financial Corporation (NYSE:FBK) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.13. The firm had revenue of $81.43 million for the quarter, compared to analyst estimates of $76.35 million. FB Financial Corporation had a return on equity of 13.25% and a net margin of 13.61%. equities analysts predict that FB Financial Corporation will post 1.96 EPS for the current year.
Several research firms have recently issued reports on FBK. Zacks Investment Research lowered FB Financial Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 9th. UBS AG reiterated a “buy” rating and set a $41.00 target price (down from $44.00) on shares of FB Financial Corporation in a report on Wednesday, July 26th. Sandler O’Neill upgraded FB Financial Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $39.00 in a report on Tuesday, August 15th. Raymond James Financial, Inc. began coverage on FB Financial Corporation in a report on Tuesday, October 10th. They set an “outperform” rating and a $41.00 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 target price on shares of FB Financial Corporation in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. FB Financial Corporation currently has a consensus rating of “Buy” and an average target price of $42.33.
FB Financial Corporation Profile
FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.
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