Peregrine Capital Management LLC increased its holdings in FB Financial Corp (NYSE:FBK) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 163,937 shares of the financial services provider’s stock after purchasing an additional 2,411 shares during the period. Peregrine Capital Management LLC owned 0.51% of FB Financial worth $4,061,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. FDx Advisors Inc. purchased a new stake in shares of FB Financial in the first quarter valued at $47,000. Two Sigma Investments LP purchased a new stake in shares of FB Financial in the first quarter valued at $780,000. Parametric Portfolio Associates LLC grew its position in shares of FB Financial by 350.1% in the first quarter. Parametric Portfolio Associates LLC now owns 33,934 shares of the financial services provider’s stock valued at $669,000 after purchasing an additional 26,394 shares during the period. Alliancebernstein L.P. grew its position in shares of FB Financial by 4.6% in the first quarter. Alliancebernstein L.P. now owns 27,100 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 1,200 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of FB Financial by 18.7% in the first quarter. Janus Henderson Group PLC now owns 1,475,338 shares of the financial services provider’s stock valued at $29,094,000 after purchasing an additional 231,943 shares during the period. 54.44% of the stock is owned by institutional investors and hedge funds.
In related news, Chairman James W. Ayers acquired 14,500 shares of FB Financial stock in a transaction on Monday, May 4th. The shares were bought at an average price of $21.42 per share, for a total transaction of $310,590.00. Following the completion of the purchase, the chairman now directly owns 13,563,990 shares in the company, valued at approximately $290,540,665.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder James W. Ayers purchased 12,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $24.95 per share, for a total transaction of $299,400.00. Following the purchase, the insider now owns 13,601,410 shares of the company’s stock, valued at approximately $339,355,179.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 51,547 shares of company stock worth $1,226,360. 45.20% of the stock is currently owned by insiders.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded FB Financial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. UBS Group reduced their target price on FB Financial from $41.00 to $18.50 and set a “neutral” rating on the stock in a report on Monday, April 6th. ValuEngine upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 4th. Finally, SunTrust Banks lifted their target price on FB Financial from $24.00 to $27.00 and gave the company a “buy” rating in a report on Friday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. FB Financial presently has a consensus rating of “Hold” and an average target price of $33.60.
Shares of FBK opened at $25.41 on Friday. The stock’s 50-day moving average is $23.99 and its two-hundred day moving average is $26.30. The stock has a market cap of $815.20 million, a PE ratio of 11.76 and a beta of 1.43. FB Financial Corp has a 12 month low of $14.38 and a 12 month high of $40.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.84.
FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.26. The company had revenue of $136.83 million for the quarter, compared to analysts’ expectations of $97.87 million. FB Financial had a return on equity of 9.94% and a net margin of 14.48%. On average, research analysts anticipate that FB Financial Corp will post 1.96 earnings per share for the current year.
About FB Financial
FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services 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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