Yousif Capital Management LLC Has $600,000 Holdings in FB Financial Corporation (NYSE:FBK)

Yousif Capital Management LLC reduced its position in shares of FB Financial Corporation (NYSE:FBK) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,948 shares of the financial services provider’s stock after selling 294 shares during the period. Yousif Capital Management LLC’s holdings in FB Financial were worth $600,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in FB Financial in the 1st quarter valued at approximately $228,000. Summit Global Investments lifted its holdings in FB Financial by 2.3% during the 1st quarter. Summit Global Investments now owns 19,255 shares of the financial services provider’s stock worth $893,000 after buying an additional 429 shares during the period. GAMMA Investing LLC lifted its stake in shares of FB Financial by 6,237.7% in the first quarter. GAMMA Investing LLC now owns 63,884 shares of the financial services provider’s stock worth $2,962,000 after acquiring an additional 62,876 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in FB Financial by 24.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,476 shares of the financial services provider’s stock worth $2,961,000 after purchasing an additional 11,251 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in FB Financial in the fourth quarter valued at $1,280,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Insider Activity at FB Financial

In other news, Director James W. Iv Cross purchased 7,200 shares of the company’s stock in a transaction on Wednesday, April 16th. The stock was purchased at an average price of $40.49 per share, with a total value of $291,528.00. Following the completion of the purchase, the director now directly owns 61,278 shares in the company, valued at approximately $2,481,146.22. This trade represents a 13.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.

FB Financial Trading Up 0.7%

FBK opened at $43.12 on Friday. The company has a 50 day moving average of $43.42 and a 200 day moving average of $47.74. FB Financial Corporation has a 12 month low of $36.26 and a 12 month high of $58.88. The company has a market cap of $1.98 billion, a PE ratio of 15.85 and a beta of 0.91.

FB Financial (NYSE:FBK) last posted its earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85. FB Financial had a net margin of 16.27% and a return on equity of 10.24%. The business had revenue of $130.67 million for the quarter, compared to analyst estimates of $132.28 million. During the same quarter in the prior year, the firm posted $0.85 EPS. Research analysts forecast that FB Financial Corporation will post 3.64 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a $0.19 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.76%. FB Financial’s payout ratio is currently 27.94%.

Analysts Set New Price Targets

Several brokerages have issued reports on FBK. Keefe, Bruyette & Woods dropped their price target on FB Financial from $58.00 to $52.00 and set a “market perform” rating on the stock in a research note on Thursday, April 17th. Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and cut their price target for the company from $60.00 to $59.00 in a research note on Tuesday, April 1st. Stephens cut their price objective on shares of FB Financial from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Wall Street Zen raised FB Financial from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Piper Sandler reduced their price target on shares of FB Financial from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.80.

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.