Teachers Advisors LLC raised its holdings in shares of FB Financial Corporation (NYSE:FBK) by 49.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,066 shares of the financial services provider’s stock after purchasing an additional 3,995 shares during the quarter. Teachers Advisors LLC’s holdings in FB Financial Corporation were worth $437,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in FBK. Bank of New York Mellon Corp increased its stake in FB Financial Corporation by 66.1% during the 1st quarter. Bank of New York Mellon Corp now owns 26,499 shares of the financial services provider’s stock valued at $937,000 after purchasing an additional 10,543 shares in the last quarter. American International Group Inc. purchased a new position in FB Financial Corporation during the 1st quarter worth $144,000. TIAA CREF Investment Management LLC boosted its holdings in FB Financial Corporation by 7.0% during the 1st quarter. TIAA CREF Investment Management LLC now owns 11,712 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 768 shares during the last quarter. Vanguard Group Inc. boosted its holdings in FB Financial Corporation by 35.5% during the 1st quarter. Vanguard Group Inc. now owns 262,065 shares of the financial services provider’s stock worth $9,267,000 after acquiring an additional 68,670 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in FB Financial Corporation by 15.4% during the 1st quarter. Geode Capital Management LLC now owns 60,441 shares of the financial services provider’s stock worth $2,137,000 after acquiring an additional 8,057 shares during the last quarter. Institutional investors and hedge funds own 32.28% of the company’s stock.
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A number of equities analysts have issued reports on FBK shares. UBS AG reaffirmed a “buy” rating and set a $41.00 price objective (down from $44.00) on shares of FB Financial Corporation in a report on Wednesday, July 26th. Zacks Investment Research raised shares of FB Financial Corporation from a “sell” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a report on Friday, October 27th. ValuEngine raised shares of FB Financial Corporation from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 price target on shares of FB Financial Corporation in a report on Thursday, October 26th. Finally, Raymond James Financial, Inc. started coverage on shares of FB Financial Corporation in a report on Tuesday, October 10th. They issued an “outperform” rating and a $41.00 price target on the stock. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.33.
FB Financial Corporation (NYSE:FBK) opened at $39.02 on Monday. The firm has a market cap of $1,191.15, a PE ratio of 20.11 and a beta of 2.46. FB Financial Corporation has a fifty-two week low of $21.86 and a fifty-two week high of $41.97. The company has a quick ratio of 0.77, a current ratio of 0.92 and a debt-to-equity ratio of 0.09.
FB Financial Corporation (NYSE:FBK) last released its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.13. The business had revenue of $81.43 million for the quarter, compared to the consensus estimate of $76.35 million. FB Financial Corporation had a net margin of 13.61% and a return on equity of 13.25%. analysts predict that FB Financial Corporation will post 1.96 earnings per share for the current fiscal year.
About FB Financial Corporation
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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