Janus Henderson Group PLC lowered its stake in FB Financial Co. (NYSE:FBK - Free Report) by 37.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 706,637 shares of the financial services provider's stock after selling 423,322 shares during the quarter. Janus Henderson Group PLC owned about 1.51% of FB Financial worth $33,163,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of FBK. nVerses Capital LLC acquired a new stake in shares of FB Financial in the 3rd quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in FB Financial during the third quarter worth approximately $124,000. Raymond James Trust N.A. acquired a new stake in FB Financial in the third quarter worth approximately $201,000. Entropy Technologies LP bought a new position in FB Financial during the 3rd quarter valued at $202,000. Finally, Martingale Asset Management L P acquired a new position in shares of FB Financial during the 3rd quarter valued at $254,000. Institutional investors and hedge funds own 65.40% of the company's stock.
Shares of NYSE FBK opened at $56.51 on Friday. FB Financial Co. has a 12 month low of $33.35 and a 12 month high of $58.88. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 24.68 and a beta of 1.15. The business has a fifty day simple moving average of $51.65 and a 200-day simple moving average of $45.58.
FB Financial (NYSE:FBK - Get Free Report) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The company had revenue of $169.13 million during the quarter, compared to analysts' expectations of $127.44 million. During the same period last year, the company posted $0.71 earnings per share. As a group, sell-side analysts expect that FB Financial Co. will post 3.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.20%. The ex-dividend date was Tuesday, November 5th. FB Financial's payout ratio is 29.69%.
In other FB Financial news, major shareholder James W. Ayers bought 1,500 shares of the company's stock in a transaction dated Friday, October 18th. The shares were bought at an average price of $49.58 per share, for a total transaction of $74,370.00. Following the acquisition, the insider now directly owns 10,892,341 shares of the company's stock, valued at approximately $540,042,266.78. This trade represents a 0.01 % 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 stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $58.22, for a total transaction of $291,100.00. Following the completion of the sale, the director now directly owns 54,078 shares of the company's stock, valued at $3,148,421.16. This trade represents a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought a total of 13,000 shares of company stock valued at $658,460 in the last three months. 1.70% of the stock is currently owned by company insiders.
Several brokerages recently weighed in on FBK. Keefe, Bruyette & Woods raised their target price on FB Financial from $50.00 to $58.00 and gave the company a "market perform" rating in a research note on Wednesday. Hovde Group lowered shares of FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 price objective for the company. in a research report on Monday, November 18th. Finally, StockNews.com downgraded shares of FB Financial from a "hold" rating to a "sell" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, FB Financial currently has an average rating of "Hold" and a consensus target price of $50.20.
View Our Latest Stock Analysis on FBK
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.
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