Cubist Systematic Strategies LLC Boosts Stake in FB Financial Co. (NYSE:FBK)

Cubist Systematic Strategies LLC increased its stake in FB Financial Co. (NYSE:FBK) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,819 shares of the financial services provider’s stock after acquiring an additional 1,713 shares during the period. Cubist Systematic Strategies LLC’s holdings in FB Financial were worth $2,772,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of FB Financial by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 66,775 shares of the financial services provider’s stock worth $3,134,000 after purchasing an additional 4,918 shares in the last quarter. SG Americas Securities LLC boosted its stake in FB Financial by 39.7% in the fourth quarter. SG Americas Securities LLC now owns 19,850 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 5,642 shares in the last quarter. GAMMA Investing LLC grew 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 valued at $52,000 after acquiring an additional 314 shares during the last quarter. Barclays PLC raised its stake in shares of FB Financial by 58.3% during the third quarter. Barclays PLC now owns 94,062 shares of the financial services provider’s stock worth $4,415,000 after acquiring an additional 34,633 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of FB Financial by 136.2% in the 4th quarter. Intech Investment Management LLC now owns 16,595 shares of the financial services provider’s stock worth $855,000 after acquiring an additional 9,570 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.

FB Financial Stock Performance

NYSE FBK opened at $45.24 on Friday. The stock has a market cap of $2.11 billion, a P/E ratio of 18.32 and a beta of 0.93. FB Financial Co. has a fifty-two week low of $34.50 and a fifty-two week high of $58.88. The stock has a 50 day simple moving average of $44.09 and a two-hundred day simple moving average of $49.77.

FB Financial (NYSE:FBK) last announced its quarterly earnings results on Monday, April 14th. The financial services provider reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. The company had revenue of $130.67 million during the quarter, compared to analyst estimates of $132.28 million. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. During the same quarter last year, the firm posted $0.85 earnings per share. Sell-side analysts predict that FB Financial Co. will post 3.64 earnings per share for the current year.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, May 13th. FB Financial’s dividend payout ratio is currently 27.94%.

Insider Buying and Selling

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $48.51 per share, with a total value of $97,020.00. Following the transaction, the insider now directly owns 10,931,841 shares in the company, valued at approximately $530,303,606.91. The trade was a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James W. Iv Cross acquired 7,200 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was acquired at an average price of $40.49 per share, for a total transaction of $291,528.00. Following the acquisition, the director now owns 61,278 shares of the company’s stock, valued at approximately $2,481,146.22. This trade represents a 13.31 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 11,200 shares of company stock valued at $492,208 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on FBK shares. Keefe, Bruyette & Woods decreased their target price on shares of FB Financial from $58.00 to $52.00 and set a “market perform” rating on the stock in a research report on Thursday, April 17th. Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $60.00 to $59.00 in a report on Tuesday, April 1st. Stephens dropped their target price on FB Financial from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Piper Sandler reduced their price target on FB Financial from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, StockNews.com downgraded FB Financial from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $53.80.

FB Financial 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.