FB Financial Co. (NYSE:FBK) Short Interest Update

FB Financial Co. (NYSE:FBK) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 428,900 shares, a growth of 5.3% from the January 15th total of 407,400 shares. Based on an average daily trading volume, of 157,400 shares, the short-interest ratio is presently 2.7 days. Currently, 1.2% of the company’s stock are sold short.

Insider Buying and Selling

In other FB Financial news, major shareholder James W. Ayers acquired 2,000 shares of FB Financial stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average price of $51.40 per share, with a total value of $102,800.00. Following the completion of the purchase, the insider now directly owns 10,913,841 shares of the company’s stock, valued at approximately $560,971,427.40. This represents a 0.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 14,000 shares of company stock valued at $716,880 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On FB Financial

Hedge funds have recently made changes to their positions in the company. Creative Planning grew its position in FB Financial by 4.6% during the 3rd quarter. Creative Planning now owns 26,308 shares of the financial services provider’s stock worth $1,235,000 after purchasing an additional 1,149 shares during the period. nVerses Capital LLC acquired a new stake in FB Financial during the 3rd quarter worth about $84,000. Raymond James & Associates grew its position in FB Financial by 5.0% during the 3rd quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock worth $6,080,000 after purchasing an additional 6,183 shares during the period. Allspring Global Investments Holdings LLC grew its position in FB Financial by 7.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock worth $10,786,000 after purchasing an additional 15,739 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new stake in FB Financial during the 3rd quarter worth about $1,935,000. 65.40% of the stock is owned by institutional investors and hedge funds.

FB Financial Trading Up 0.7 %

NYSE FBK opened at $52.35 on Wednesday. The firm’s fifty day simple moving average is $52.43 and its two-hundred day simple moving average is $50.25. FB Financial has a 12-month low of $33.35 and a 12-month high of $58.88. The firm has a market capitalization of $2.44 billion, a P/E ratio of 21.19 and a beta of 1.15.

FB Financial (NYSE:FBK) last released its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. As a group, sell-side analysts predict that FB Financial will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. This is an increase from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, February 11th. FB Financial’s dividend payout ratio is presently 27.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Hovde Group downgraded 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 note on Monday, November 18th. Keefe, Bruyette & Woods lifted their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.