B. Metzler seel. Sohn & Co. AG Trims Holdings in FB Financial Co. (NYSE:FBK)

B. Metzler seel. Sohn & Co. AG reduced its stake in shares of FB Financial Co. (NYSE:FBK) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,278 shares of the financial services provider’s stock after selling 5,898 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of FB Financial worth $1,405,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in FB Financial in the 3rd quarter valued at about $330,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of FB Financial by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock valued at $17,521,000 after purchasing an additional 14,797 shares during the period. The Manufacturers Life Insurance Company increased its holdings in FB Financial by 7.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,284 shares of the financial services provider’s stock worth $905,000 after purchasing an additional 1,317 shares during the period. FMR LLC raised its position in FB Financial by 42.0% during the 3rd quarter. FMR LLC now owns 7,129 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 2,109 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of FB Financial by 27.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,760 shares of the financial services provider’s stock worth $458,000 after buying an additional 2,090 shares during the period. 65.40% of the stock is currently owned by institutional investors.

FB Financial Trading Up 1.5 %

NYSE FBK opened at $46.83 on Thursday. FB Financial Co. has a 12-month low of $33.35 and a 12-month high of $58.88. The firm’s fifty day simple moving average is $49.68 and its two-hundred day simple moving average is $50.82. The firm has a market capitalization of $2.19 billion, a P/E ratio of 18.96 and a beta of 1.16.

FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, topping 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 Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from FB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. FB Financial’s dividend payout ratio (DPR) is 30.77%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Stephens lowered their price target on shares of FB Financial from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday. Hovde Group raised shares of FB Financial from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $60.00 to $59.00 in a report on Tuesday. Piper Sandler upped their target price on FB Financial from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price target on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, FB Financial presently has an average rating of “Hold” and an average price target of $55.40.

Insiders Place Their Bets

In related news, major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $48.51 per share, with a total value of $97,020.00. Following the completion of the acquisition, the insider now directly owns 10,931,841 shares of the company’s stock, valued at $530,303,606.91. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have purchased 14,000 shares of company stock valued at $710,180. Insiders own 1.70% of the company’s stock.

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.