FB Financial Corporation $FBK Shares Acquired by Keystone Financial Group Inc.

Keystone Financial Group Inc. lifted its position in FB Financial Corporation (NYSE:FBK) by 229.7% in the 3rd quarter, Holdings Channel reports. The fund owned 167,152 shares of the financial services provider’s stock after buying an additional 116,459 shares during the period. FB Financial makes up approximately 5.3% of Keystone Financial Group Inc.’s investment portfolio, making the stock its 6th biggest holding. Keystone Financial Group Inc.’s holdings in FB Financial were worth $9,317,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FBK. Investors Research Corp bought a new stake in FB Financial in the third quarter worth approximately $26,000. Tripletail Wealth Management LLC bought a new stake in FB Financial in the third quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its position in FB Financial by 1,152.2% in the second quarter. EverSource Wealth Advisors LLC now owns 864 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 795 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in shares of FB Financial in the 3rd quarter valued at approximately $106,000. Finally, GAMMA Investing LLC grew its stake in shares of FB Financial by 24.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,964 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 387 shares during the period. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FBK has been the topic of a number of analyst reports. Wall Street Zen upgraded FB Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Piper Sandler increased their price target on FB Financial from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $66.00 price objective (up previously from $61.00) on shares of FB Financial in a research report on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of FB Financial in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, FB Financial currently has an average rating of “Moderate Buy” and an average price target of $60.80.

FB Financial Stock Down 0.8%

Shares of FBK stock opened at $56.37 on Wednesday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 26.34 and a beta of 0.99. The firm has a fifty day moving average of $55.80 and a 200-day moving average of $52.63. FB Financial Corporation has a 12-month low of $38.83 and a 12-month high of $60.51.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, February 15th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter. The company had revenue of $163.71 million during the quarter. FB Financial had a net margin of 11.73% and a return on equity of 10.56%. Research analysts expect that FB Financial Corporation will post 3.64 earnings per share for the current year.

FB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, November 10th. FB Financial’s dividend payout ratio is presently 35.51%.

FB Financial Company Profile

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company’s core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial’s service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.