SG Americas Securities LLC Buys 36,936 Shares of FB Financial Corporation $FBK

SG Americas Securities LLC boosted its position in shares of FB Financial Corporation (NYSE:FBK) by 377.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,712 shares of the financial services provider’s stock after acquiring an additional 36,936 shares during the period. SG Americas Securities LLC owned approximately 0.09% of FB Financial worth $2,116,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FBK. Nuveen LLC bought a new stake in shares of FB Financial during the first quarter valued at approximately $39,275,000. Millennium Management LLC boosted its stake in FB Financial by 11.8% during the first quarter. Millennium Management LLC now owns 354,156 shares of the financial services provider’s stock worth $16,419,000 after buying an additional 37,385 shares in the last quarter. Penn Capital Management Company LLC increased its holdings in FB Financial by 8.2% in the 1st quarter. Penn Capital Management Company LLC now owns 277,090 shares of the financial services provider’s stock valued at $12,861,000 after buying an additional 21,026 shares during the period. Invesco Ltd. raised its stake in shares of FB Financial by 93.9% in the 1st quarter. Invesco Ltd. now owns 204,118 shares of the financial services provider’s stock valued at $9,463,000 after buying an additional 98,843 shares in the last quarter. Finally, 12th Street Asset Management Company LLC lifted its holdings in shares of FB Financial by 1.5% during the 1st quarter. 12th Street Asset Management Company LLC now owns 200,254 shares of the financial services provider’s stock worth $9,284,000 after acquiring an additional 2,954 shares during the period. Institutional investors own 65.40% of the company’s stock.

FB Financial Price Performance

Shares of FBK opened at $53.08 on Thursday. The company has a market capitalization of $2.84 billion, a P/E ratio of 24.80 and a beta of 0.97. FB Financial Corporation has a one year low of $38.83 and a one year high of $60.51. The business’s 50 day simple moving average is $54.93 and its 200-day simple moving average is $50.04.

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

FB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, November 10th. This represents a $0.76 annualized dividend and a yield of 1.4%. FB Financial’s dividend payout ratio is 35.51%.

Analyst Ratings Changes

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

FB Financial 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.