UBS Asset Management Americas Inc. cut its holdings in FB Financial Corp (NYSE:FBK) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 98,640 shares of the financial services provider’s stock after selling 4,806 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.32% of FB Financial worth $4,142,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc grew its position in shares of FB Financial by 70.9% in the 3rd quarter. Legal & General Group Plc now owns 3,195 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 1,326 shares during the period. Delta Asset Management LLC TN grew its position in shares of FB Financial by 1,000.0% in the 4th quarter. Delta Asset Management LLC TN now owns 3,300 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 3,000 shares during the period. Nationwide Fund Advisors grew its position in shares of FB Financial by 78.1% in the 2nd quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,732 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of FB Financial in the 3rd quarter valued at approximately $202,000. Finally, American International Group Inc. grew its position in shares of FB Financial by 110.9% in the 3rd quarter. American International Group Inc. now owns 8,672 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 4,560 shares during the period. Institutional investors and hedge funds own 36.15% of the company’s stock.
Several equities analysts recently issued reports on FBK shares. Zacks Investment Research lowered FB Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine lowered FB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $42.33.
FB Financial (NYSE:FBK) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.06. The firm had revenue of $86.00 million for the quarter, compared to analysts’ expectations of $79.79 million. FB Financial had a return on equity of 12.72% and a net margin of 16.84%. equities research analysts expect that FB Financial Corp will post 2.96 earnings per share for the current fiscal year.
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FB Financial 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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