FB Financial Corporation $FBK Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of FB Financial Corporation (NYSE:FBK) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,924 shares of the financial services provider’s stock after selling 10,085 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in FB Financial were worth $3,040,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in FB Financial by 23.8% in the first quarter. AQR Capital Management LLC now owns 59,372 shares of the financial services provider’s stock valued at $2,752,000 after buying an additional 11,414 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in FB Financial by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,149 shares of the financial services provider’s stock worth $980,000 after buying an additional 930 shares during the last quarter. Millennium Management LLC lifted its holdings in FB Financial by 11.8% during the 1st 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 during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of FB Financial in the 1st quarter worth approximately $245,000. Finally, Jane Street Group LLC grew its position in shares of FB Financial by 89.1% in the 1st quarter. Jane Street Group LLC now owns 40,831 shares of the financial services provider’s stock worth $1,893,000 after acquiring an additional 19,235 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

FB Financial Trading Up 0.0%

Shares of FB Financial stock opened at $54.71 on Friday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 14.67 and a beta of 0.92. FB Financial Corporation has a twelve month low of $49.24 and a twelve month high of $62.65. The business’s 50 day simple moving average is $58.67 and its 200-day simple moving average is $55.31.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Monday, July 13th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.14. The business had revenue of $175.94 million during the quarter, compared to analyst estimates of $177.45 million. FB Financial had a return on equity of 12.08% and a net margin of 19.00%. Sell-side analysts predict that FB Financial Corporation will post 4.67 earnings per share for the current year.

FB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.5%. FB Financial’s payout ratio is 22.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FBK shares. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of FB Financial in a research report on Tuesday, July 14th. Raymond James Financial boosted their target price on shares of FB Financial from $62.00 to $63.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 1st. Weiss Ratings raised shares of FB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Finally, Benchmark raised their price target on shares of FB Financial from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $64.67.

About FB Financial

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company’s core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial’s service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.