FB Financial Co. (NYSE:FBK) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its position in shares of FB Financial Co. (NYSE:FBK) by 3.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 122,347 shares of the financial services provider’s stock after selling 4,438 shares during the period. Peregrine Capital Management LLC’s holdings in FB Financial were worth $6,302,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBK. Point72 Asset Management L.P. acquired a new stake in shares of FB Financial during the 3rd quarter valued at about $47,000. GAMMA Investing LLC boosted its position in FB Financial by 45.2% during the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 314 shares in the last quarter. KBC Group NV grew its holdings in FB Financial by 36.2% in the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 555 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of FB Financial in the third quarter valued at approximately $110,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of FB Financial during the 3rd quarter worth approximately $124,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder James W. Ayers bought 2,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was acquired at an average cost of $51.40 per share, with a total value of $102,800.00. Following the purchase, the insider now directly owns 10,913,841 shares of the company’s stock, valued at $560,971,427.40. The trade was a 0.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have purchased 14,000 shares of company stock valued at $716,880. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

FBK has been the topic of a number of research analyst reports. StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research report on Monday, November 18th. Finally, Keefe, Bruyette & Woods upped their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, FB Financial presently has an average rating of “Hold” and an average target price of $50.20.

FB Financial Stock Up 0.7 %

Shares of FBK opened at $52.35 on Wednesday. FB Financial Co. has a 52-week low of $33.35 and a 52-week high of $58.88. The stock has a market cap of $2.44 billion, a PE ratio of 21.19 and a beta of 1.15. The firm’s fifty day moving average is $52.43 and its two-hundred day moving average is $50.25.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. As a group, research analysts anticipate that FB Financial Co. will post 3.64 earnings per share for the current year.

FB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, February 11th. This is a boost from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s dividend payout ratio (DPR) is currently 27.53%.

About FB Financial

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.