RE Advisers Corp boosted its position in shares of FB Financial Corporation (NYSE:FBK) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 610,975 shares of the financial services provider’s stock after buying an additional 7,500 shares during the period. RE Advisers Corp owned about 2.53% of FB Financial Corporation worth $22,111,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of FBK. American International Group Inc. purchased a new stake in shares of FB Financial Corporation during the first quarter worth $144,000. Metropolitan Life Insurance Co. NY bought a new position in FB Financial Corporation during the first quarter valued at approximately $179,000. Teachers Advisors LLC bought a new position in FB Financial Corporation during the fourth quarter valued at approximately $190,000. Parkwood LLC bought a new position in FB Financial Corporation during the first quarter valued at approximately $228,000. Finally, Bank of America Corp DE raised its position 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 valued at $323,000 after buying an additional 8,205 shares during the last quarter. 21.68% of the stock is owned by institutional investors and hedge funds.
FB Financial Corporation (NYSE:FBK) opened at 33.00 on Friday. The firm has a market capitalization of $955.94 million and a price-to-earnings ratio of 25.92. FB Financial Corporation has a 12 month low of $19.81 and a 12 month high of $38.59. The company’s 50-day moving average price is $34.92 and its 200 day moving average price is $33.73.
FB Financial Corporation (NYSE:FBK) last released its earnings results on Monday, July 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. The firm 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%. Analysts predict that FB Financial Corporation will post $1.90 EPS for the current year.
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Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price target on shares of FB Financial Corporation in a research report on Thursday, August 3rd. Stephens reissued a “buy” rating and issued a $40.00 price target on shares of FB Financial Corporation in a research report on Monday, July 31st. UBS AG reissued a “buy” rating and issued a $41.00 price target (down from $44.00) on shares of FB Financial Corporation in a research report on Wednesday, July 26th. Zacks Investment Research raised FB Financial Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Friday, July 7th. Finally, Sandler O’Neill lowered FB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $36.20.
FB Financial Corporation Company Profile
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.
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