FB Financial Corporation $FBK Holdings Boosted by Keystone Financial Group Inc.

Keystone Financial Group Inc. raised its position in FB Financial Corporation (NYSE:FBK) by 229.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 167,152 shares of the financial services provider’s stock after acquiring an additional 116,459 shares during the period. FB Financial makes up 5.3% of Keystone Financial Group Inc.’s investment portfolio, making the stock its 6th largest holding. Keystone Financial Group Inc. owned 0.31% of FB Financial worth $9,317,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in FB Financial by 24.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,964 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 387 shares in the last quarter. Investors Research Corp acquired a new stake in shares of FB Financial in the 3rd quarter valued at approximately $26,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of FB Financial by 5.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,848 shares of the financial services provider’s stock valued at $401,000 after buying an additional 473 shares in the last quarter. California State Teachers Retirement System raised its position in FB Financial by 1.5% in the second quarter. California State Teachers Retirement System now owns 34,331 shares of the financial services provider’s stock worth $1,555,000 after acquiring an additional 503 shares in the last quarter. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of FB Financial during the 3rd quarter worth $31,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of FB Financial in a research report on Wednesday, October 8th. Piper Sandler upped their target price on shares of FB Financial from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $66.00 price objective (up previously from $61.00) on shares of FB Financial in a research note on Thursday, October 16th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.80.

FB Financial Stock Down 0.8%

FBK opened at $56.37 on Wednesday. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 26.34 and a beta of 0.99. FB Financial Corporation has a fifty-two week low of $38.83 and a fifty-two week high of $60.51. The company’s 50-day moving average price is $55.80 and its 200 day moving average price is $52.63.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, February 15th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter. FB Financial had a return on equity of 10.56% and a net margin of 11.73%.The business had revenue of $163.71 million during the quarter. Research analysts anticipate that FB Financial Corporation will post 3.64 earnings per share for the current year.

FB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, November 10th. FB Financial’s payout ratio is 35.51%.

FB Financial Profile

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.