FB Financial Corp (FBK) Director Raja J. Jubran Acquires 2,933 Shares of Stock

FB Financial Corp (NYSE:FBK) Director Raja J. Jubran bought 2,933 shares of the stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $34.09 per share, with a total value of $99,985.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

FBK traded up $0.79 on Friday, reaching $34.98. The stock had a trading volume of 198,389 shares, compared to its average volume of 73,796. FB Financial Corp has a fifty-two week low of $32.66 and a fifty-two week high of $44.69. The stock has a market cap of $1.03 billion, a PE ratio of 13.40 and a beta of 0.91.

FB Financial (NYSE:FBK) last issued its earnings results on Wednesday, January 23rd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.08). FB Financial had a return on equity of 13.02% and a net margin of 21.68%. The firm had revenue of $73.62 million during the quarter, compared to analyst estimates of $86.41 million. As a group, equities analysts forecast that FB Financial Corp will post 2.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 1st were issued a $0.08 dividend. The ex-dividend date was Thursday, January 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.91%. FB Financial’s payout ratio is presently 12.26%.

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its position in shares of FB Financial by 9.1% in the 2nd quarter. Northern Trust Corp now owns 161,294 shares of the financial services provider’s stock valued at $6,567,000 after buying an additional 13,441 shares during the last quarter. Wasatch Advisors Inc. bought a new stake in shares of FB Financial in the 3rd quarter valued at about $9,899,000. Rhumbline Advisers grew its position in shares of FB Financial by 10.5% in the 3rd quarter. Rhumbline Advisers now owns 14,249 shares of the financial services provider’s stock valued at $558,000 after buying an additional 1,353 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of FB Financial by 625.8% in the 3rd quarter. Janus Henderson Group PLC now owns 519,061 shares of the financial services provider’s stock valued at $20,337,000 after buying an additional 447,541 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of FB Financial by 8.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 76,997 shares of the financial services provider’s stock valued at $3,016,000 after buying an additional 5,951 shares during the last quarter. 53.43% of the stock is owned by institutional investors and hedge funds.

FBK has been the subject of a number of recent research reports. Stephens reaffirmed a “hold” rating and issued a $40.00 target price on shares of FB Financial in a report on Wednesday, January 23rd. SunTrust Banks initiated coverage on FB Financial in a report on Tuesday, December 11th. They issued a “buy” rating and a $43.00 target price for the company. ValuEngine raised FB Financial from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Finally, Zacks Investment Research cut FB Financial from a “buy” rating to a “hold” rating in a report on Monday, January 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.80.

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FB Financial Company Profile

FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.

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