Lbmc Investment Advisors LLC Acquires Shares of 4,265 FB Financial Co. (NYSE:FBK)

Lbmc Investment Advisors LLC bought a new position in FB Financial Co. (NYSE:FBK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,265 shares of the financial services provider’s stock, valued at approximately $220,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in FB Financial by 45.2% in the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 314 shares during the last quarter. Albert D Mason Inc. grew its stake in shares of FB Financial by 1.5% in the fourth quarter. Albert D Mason Inc. now owns 23,474 shares of the financial services provider’s stock worth $1,209,000 after purchasing an additional 346 shares during the last quarter. Stifel Financial Corp increased its holdings in FB Financial by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock valued at $3,786,000 after purchasing an additional 356 shares during the period. Victory Capital Management Inc. raised its position in FB Financial by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock valued at $685,000 after purchasing an additional 467 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in FB Financial by 1.9% in the 3rd quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock worth $1,611,000 after buying an additional 631 shares during the period. 65.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FB Financial

In other FB Financial news, major shareholder James W. Ayers bought 2,000 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was acquired at an average price of $48.17 per share, with a total value of $96,340.00. Following the completion of the purchase, the insider now owns 10,894,341 shares of the company’s stock, valued at approximately $524,780,405.97. This trade represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the sale, the director now directly owns 54,078 shares in the company, valued at approximately $3,148,421.16. This represents a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 19,500 shares of company stock valued at $988,050 in the last three months. Company insiders own 1.70% of the company’s stock.

FB Financial Stock Up 0.3 %

Shares of FBK stock opened at $52.41 on Friday. The business’s fifty day moving average is $53.88 and its 200 day moving average is $48.87. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 22.89 and a beta of 1.16. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. FB Financial’s payout ratio is 29.69%.

Wall Street Analysts Forecast Growth

FBK has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their target price on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.20.

FB Financial Company Profile

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.