Goldman Sachs Group Inc. Takes Position in FB Financial Corporation (FBK)

Goldman Sachs Group Inc. acquired a new position in shares of FB Financial Corporation (NYSE:FBK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 32,972 shares of the financial services provider’s stock, valued at approximately $1,166,000. Goldman Sachs Group Inc. owned about 0.14% of FB Financial Corporation at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FBK. American International Group Inc. acquired a new stake in FB Financial Corporation during the first quarter worth about $144,000. Metropolitan Life Insurance Co. NY acquired a new stake in FB Financial Corporation during the first quarter worth about $179,000. Teachers Advisors LLC acquired a new stake in FB Financial Corporation during the fourth quarter worth about $190,000. Parkwood LLC acquired a new stake in FB Financial Corporation during the first quarter worth about $228,000. Finally, Bank of America Corp DE increased its stake in FB Financial Corporation by 888.0% in the first quarter. Bank of America Corp DE now owns 9,129 shares of the financial services provider’s stock worth $323,000 after buying an additional 8,205 shares during the period. Institutional investors own 21.68% of the company’s stock.

FB Financial Corporation (NYSE:FBK) traded down 0.586% during trading on Friday, hitting $33.055. 25,252 shares of the company traded hands. The firm has a market capitalization of $957.54 million and a P/E ratio of 25.966. FB Financial Corporation has a 12-month low of $19.81 and a 12-month high of $38.59. The stock has a 50-day moving average price of $35.01 and a 200-day moving average price of $33.68.

FB Financial Corporation (NYSE:FBK) last released its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $66.08 million during the quarter, compared to analyst estimates of $65.99 million. FB Financial Corporation had a return on equity of 13.09% and a net margin of 11.57%. Equities analysts expect that FB Financial Corporation will post $1.90 EPS for the current fiscal year.

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FBK has been the topic of a number of recent research reports. Stephens reiterated a “buy” rating and issued a $40.00 price objective on shares of FB Financial Corporation in a report on Monday, July 31st. UBS AG reiterated a “buy” rating and issued a $41.00 price objective (down from $44.00) on shares of FB Financial Corporation in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of FB Financial Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, July 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 price objective on shares of FB Financial Corporation in a report on Thursday, August 3rd. Finally, Sandler O’Neill downgraded shares of FB Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. FB Financial Corporation currently has an average rating of “Buy” and a consensus price target of $36.20.

About FB Financial Corporation

FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.

Institutional Ownership by Quarter for FB Financial Corporation (NYSE:FBK)

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