Public Employees Retirement System of Ohio Invests $3.54 Million in FB Financial Corporation $FBK

Public Employees Retirement System of Ohio purchased a new stake in FB Financial Corporation (NYSE:FBK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 63,892 shares of the financial services provider’s stock, valued at approximately $3,536,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CIBC Private Wealth Group LLC purchased a new position in FB Financial in the fourth quarter worth $27,000. Global Retirement Partners LLC purchased a new stake in shares of FB Financial during the 4th quarter worth $37,000. EverSource Wealth Advisors LLC grew its stake in shares of FB Financial by 1,152.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 864 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 795 shares during the period. State of Wyoming acquired a new position in shares of FB Financial during the 1st quarter worth $63,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of FB Financial in the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Analyst Ratings Changes

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

FB Financial Trading Up 1.2%

FB Financial stock opened at $56.92 on Friday. The stock has a fifty day moving average price of $58.65 and a 200 day moving average price of $55.41. FB Financial Corporation has a 52 week low of $49.24 and a 52 week high of $62.65. The firm has a market capitalization of $2.84 billion, a P/E ratio of 15.26 and a beta of 0.92.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Monday, July 13th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.14. The firm had revenue of $175.94 million for 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%. As a group, equities analysts predict that FB Financial Corporation will post 4.67 EPS for the current year.

FB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a $0.21 dividend. 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 dividend payout ratio (DPR) is currently 22.52%.

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.