Geode Capital Management LLC lifted its stake in FB Financial Corp (NYSE:FBK) by 6.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 175,514 shares of the financial services provider’s stock after purchasing an additional 11,316 shares during the quarter. Geode Capital Management LLC owned 0.57% of FB Financial worth $6,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in FBK. Brown Advisory Inc. lifted its position in shares of FB Financial by 25.5% during the 4th quarter. Brown Advisory Inc. now owns 36,893 shares of the financial services provider’s stock worth $1,292,000 after buying an additional 7,497 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of FB Financial by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 501,655 shares of the financial services provider’s stock worth $17,568,000 after buying an additional 75,643 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of FB Financial by 249.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,796 shares of the financial services provider’s stock worth $94,000 after buying an additional 1,996 shares during the period. Citigroup Inc. lifted its position in shares of FB Financial by 42.9% during the 4th quarter. Citigroup Inc. now owns 9,409 shares of the financial services provider’s stock worth $329,000 after buying an additional 2,826 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of FB Financial by 29.7% during the 4th quarter. Bank of New York Mellon Corp now owns 99,883 shares of the financial services provider’s stock worth $3,498,000 after buying an additional 22,886 shares during the period. Institutional investors and hedge funds own 53.17% of the company’s stock.

Shares of FBK opened at $34.61 on Friday. FB Financial Corp has a 52-week low of $30.33 and a 52-week high of $44.69. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.26 and a beta of 0.88.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.08). FB Financial had a net margin of 21.68% and a return on equity of 12.81%. The business had revenue of $73.62 million during the quarter, compared to the consensus estimate of $86.41 million. On average, equities research analysts expect that FB Financial Corp will post 2.74 earnings per share for the current year.

In other FB Financial news, Director Raja J. Jubran acquired 2,933 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $34.09 per share, for a total transaction of $99,985.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 57.29% of the company’s stock.

Several equities analysts recently commented on FBK shares. Zacks Investment Research upgraded FB Financial from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, January 4th. Stephens reiterated a “hold” rating and issued a $40.00 price objective on shares of FB Financial in a research report on Wednesday, January 23rd. Finally, ValuEngine downgraded FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $41.25.

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

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