SG Americas Securities LLC Buys 36,936 Shares of FB Financial Corporation $FBK

SG Americas Securities LLC boosted its position in shares of FB Financial Corporation (NYSE:FBK) by 377.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 46,712 shares of the financial services provider’s stock after purchasing an additional 36,936 shares during the quarter. SG Americas Securities LLC’s holdings in FB Financial were worth $2,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FBK. Meeder Asset Management Inc. acquired a new position in shares of FB Financial during the first quarter valued at $33,000. CWM LLC lifted its position in FB Financial by 58.2% during the 1st quarter. CWM LLC now owns 1,660 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 611 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in FB Financial during the 1st quarter valued at about $218,000. Savant Capital LLC bought a new position in shares of FB Financial in the 2nd quarter valued at about $214,000. Finally, Ieq Capital LLC acquired a new stake in shares of FB Financial during the 1st quarter worth approximately $245,000. 65.40% of the stock is owned by institutional investors and hedge funds.

FB Financial Stock Performance

Shares of FBK stock opened at $53.08 on Thursday. The company has a market capitalization of $2.84 billion, a P/E ratio of 24.80 and a beta of 0.97. FB Financial Corporation has a 52 week low of $38.83 and a 52 week high of $60.51. The company’s 50 day moving average price is $54.93 and its two-hundred day moving average price is $50.04.

FB Financial (NYSE:FBK) last released its earnings results 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 firm had revenue of $163.71 million during the quarter. Analysts forecast that FB Financial Corporation will post 3.64 earnings per share for the current year.

FB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 10th. FB Financial’s dividend payout ratio (DPR) is currently 35.51%.

Wall Street Analyst Weigh In

FBK has been the topic of a number of recent research reports. Wall Street Zen raised shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of FB Financial in a research report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $66.00 price objective (up from $61.00) on shares of FB Financial in a research note on Thursday, October 16th. Finally, Piper Sandler increased their target price on FB Financial from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.80.

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.