Forest Hill Capital LLC lifted its holdings in FB Financial Corp (NYSE:FBK) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,800 shares of the financial services provider’s stock after acquiring an additional 6,800 shares during the period. FB Financial accounts for approximately 2.4% of Forest Hill Capital LLC’s holdings, making the stock its 21st biggest holding. Forest Hill Capital LLC owned 0.66% of FB Financial worth $8,474,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its stake in shares of FB Financial by 52.0% during the second quarter. TIAA CREF Investment Management LLC now owns 17,805 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 6,093 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of FB Financial by 78.1% during the second quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,732 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of FB Financial by 15.6% during the second quarter. Vanguard Group Inc. now owns 302,864 shares of the financial services provider’s stock valued at $10,960,000 after acquiring an additional 40,799 shares in the last quarter. State Street Corp raised its stake in shares of FB Financial by 28.3% during the second quarter. State Street Corp now owns 119,028 shares of the financial services provider’s stock valued at $4,306,000 after acquiring an additional 26,236 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of FB Financial during the third quarter valued at approximately $202,000. 36.15% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on FBK shares. ValuEngine raised shares of FB Financial from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of FB Financial from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. FB Financial currently has an average rating of “Buy” and an average price target of $42.33.
FB Financial Corp (FBK) opened at $41.90 on Wednesday. The stock has a market cap of $1,280.35, a P/E ratio of 22.77 and a beta of 1.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.83 and a current ratio of 0.95. FB Financial Corp has a 1-year low of $30.40 and a 1-year high of $45.43.
FB Financial (NYSE:FBK) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.06. The company had revenue of $86.00 million for the quarter, compared to analyst estimates of $79.79 million. FB Financial had a net margin of 16.84% and a return on equity of 12.72%. equities analysts predict that FB Financial Corp will post 2.96 EPS for the current year.
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FB Financial 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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