Campbell & CO Investment Adviser LLC Sells 7,776 Shares of FB Financial Corporation $FBK

Campbell & CO Investment Adviser LLC lessened its holdings in FB Financial Corporation (NYSE:FBK) by 32.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,136 shares of the financial services provider’s stock after selling 7,776 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in FB Financial were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBK. Meeder Asset Management Inc. acquired a new position in shares of FB Financial in the first quarter valued at $33,000. CWM LLC grew its stake in FB Financial by 58.2% in the 1st quarter. CWM LLC now owns 1,660 shares of the financial services provider’s stock valued at $77,000 after buying an additional 611 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in FB Financial by 7.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 290 shares during the period. Savant Capital LLC acquired a new stake in FB Financial during the second quarter worth approximately $214,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of FB Financial during the first quarter worth approximately $218,000. 65.40% of the stock is owned by institutional investors.

FB Financial Stock Performance

FBK opened at $54.43 on Friday. The firm has a market cap of $2.91 billion, a P/E ratio of 25.43 and a beta of 0.97. The business’s fifty day moving average is $54.96 and its 200-day moving average is $49.80. FB Financial Corporation has a 52-week low of $38.83 and a 52-week high of $60.51.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Tuesday, February 15th. The financial services provider reported $1.14 earnings per share for the quarter. The business had revenue of $163.71 million during the quarter. FB Financial had a net margin of 11.73% and a return on equity of 10.56%. On average, research analysts predict that FB Financial Corporation will post 3.64 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 10th. FB Financial’s dividend payout ratio (DPR) is 35.51%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FBK. Weiss Ratings reiterated a “hold (c)” rating on shares of FB Financial in a research note on Wednesday, October 8th. Piper Sandler increased their price objective on FB Financial from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Wall Street Zen cut shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $66.00 price target (up from $61.00) on shares of FB Financial in a research report on Thursday, October 16th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.80.

About FB Financial

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.