Oregon Public Employees Retirement Fund decreased its position in FB Financial Co. (NYSE:FBK – Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,892 shares of the financial services provider’s stock after selling 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in FB Financial were worth $306,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of FB Financial by 570.5% in the first quarter. Tower Research Capital LLC TRC now owns 979 shares of the financial services provider’s stock valued at $30,000 after buying an additional 833 shares during the period. Point72 Hong Kong Ltd lifted its holdings in shares of FB Financial by 413.0% during the first quarter. Point72 Hong Kong Ltd now owns 1,616 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 1,301 shares during the last quarter. Point72 Middle East FZE purchased a new stake in shares of FB Financial during the fourth quarter valued at $87,000. SG Americas Securities LLC purchased a new stake in shares of FB Financial during the second quarter valued at $165,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of FB Financial during the fourth quarter valued at $212,000. Institutional investors and hedge funds own 63.91% of the company’s stock.
FB Financial Price Performance
Shares of FBK stock opened at $29.49 on Tuesday. FB Financial Co. has a fifty-two week low of $24.34 and a fifty-two week high of $44.11. The stock’s 50-day moving average is $29.52 and its two-hundred day moving average is $29.64. The firm has a market cap of $1.38 billion, a P/E ratio of 10.72 and a beta of 1.06.
FB Financial Announces Dividend
Analysts Set New Price Targets
Several equities research analysts have recently commented on FBK shares. StockNews.com downgraded FB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Janney Montgomery Scott raised FB Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $34.00 to $35.50 in a report on Wednesday, October 18th. TheStreet raised FB Financial from a “c+” rating to a “b-” rating in a report on Monday, August 7th. Raymond James began coverage on FB Financial in a research report on Thursday, August 31st. They set a “market perform” rating on the stock. Finally, DA Davidson upped their price target on FB Financial from $33.50 to $37.00 in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, FB Financial has an average rating of “Hold” and a consensus price target of $34.67.
Get Our Latest Stock Analysis on FB Financial
Insiders Place Their Bets
In other news, major shareholder James W. Ayers bought 6,500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $30.57 per share, with a total value of $198,705.00. Following the transaction, the insider now directly owns 10,875,841 shares in the company, valued at approximately $332,474,459.37. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder James W. Ayers acquired 5,800 shares of the stock in a transaction dated Friday, July 28th. The shares were acquired at an average price of $34.80 per share, with a total value of $201,840.00. Following the acquisition, the insider now owns 10,851,891 shares in the company, valued at approximately $377,645,806.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder James W. Ayers acquired 6,500 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average cost of $30.57 per share, for a total transaction of $198,705.00. Following the acquisition, the insider now owns 10,875,841 shares in the company, valued at approximately $332,474,459.37. The disclosure for this purchase can be found here. Insiders have bought a total of 36,103 shares of company stock valued at $1,222,842 in the last three months. Insiders own 1.90% of the company’s stock.
About FB Financial
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.
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