Rosenthal Henry Capital Advisors Inc. Acquires 41,237 Shares of FB Financial Co. (NYSE:FBK)

Rosenthal Henry Capital Advisors Inc. has recently established a new position in FB Financial Co. (NYSE:FBK - Free Report) during the third quarter, as revealed in their latest 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,237 shares of the financial services provider, which is valued at approximately $1,935,000. With this purchase, FB Financial accounts for 1.9% of Rosenthal Henry Capital Advisors Inc.'s overall holdings, ranking it as the 26th largest position within their portfolio.

As of the most recent filing, Rosenthal Henry Capital Advisors Inc. holds about 0.09% of FB Financial's total shares. Other institutional investors have also been active in adjusting their ownership in the company. For instance, Dimensional Fund Advisors LP increased its stake in FB Financial by 5.8% during the second quarter, bringing their total to 1,937,631 shares worth $75,623,000 after acquiring an additional 106,553 shares.

Additionally, Allspring Global Investments Holdings LLC raised its holdings in FB Financial by 7.4% in the third quarter, currently owning 229,829 shares valued at $10,786,000 after purchasing an extra 15,739 shares. Other notable transactions include purchases by Salzhauer Michael and Quest Partners LLC, with amounts of around $2,596,000 and $450,000 respectively, as well as SG Americas Securities LLC, which purchased shares worth about $667,000. Currently, 65.40% of FB Financial's stock is owned by hedge funds and other institutional investors.

Insider Transactions at FB Financial

In recent news, major shareholder James W. Ayers made two notable purchases of FB Financial shares. On October 18th, he bought 1,500 shares at an average price of $49.58 per share, totaling $74,370.00. This transaction increased his holdings to 10,892,341 shares, which are now valued at around $540,042,266.78. Ayers continued his buying trend on October 25th, when he purchased another 2,000 shares at an average cost of $48.13, amounting to $96,260.00. Post-purchase, his ownership rose to 10,902,341 shares, valued at approximately $524,729,672.33. Over the past three months, insiders have acquired 10,000 shares of FB Financial, representing 1.70% of the company’s total stock.

Analyst Ratings for FB Financial

FB Financial has attracted attention from analysts recently. Hovde Group recently raised their price target on FB Financial shares from $52.50 to $56.00, stating an “outperform” rating in their research note dated October 21st. Conversely, Piper Sandler adjusted their rating from “overweight” to “neutral”, increasing their price target from $41.00 to $46.00. Keefe, Bruyette & Woods upped their price target from $48.00 to $50.00, assigning a “market perform” rating. Other reports have included an “overweight” rating from Stephens, setting a price target of $45.00, while StockNews.com downgraded the stock from “hold” to “sell.” In total, two analysts have rated FB Financial with a sell, two with hold, and two with buy ratings, leading to a consensus rating of “Hold” and an average price target of $47.80 according to MarketBeat.com.

Learn More About FB Financial

FB Financial's Stock Performance

During trading on Friday, FB Financial's shares experienced a slight decline of $0.29, reaching $48.91. The trading volume was 107,481 shares, which is below the average volume of 145,439. FB Financial has a market capitalization of $2.30 billion, with a price-to-earnings (P/E) ratio of 21.37 and a beta of 1.13. As for moving averages, the 50-day stands at $47.33, while the 200-day moving average is $42.53. FB Financial's shares have fluctuated significantly in the last year, with a 52-week low of $29.55 and a high of $51.63.

The financial services company recently disclosed its quarterly earnings results on October 15th, reporting earnings of $0.86 per share, surpassing analysts' consensus estimate of $0.82 by $0.04. FB Financial registered a return on equity of 10.38% and a net margin of 14.40%. The company's revenue for the quarter was $169.13 million, which is higher than the estimated $127.44 million. Last year during the same quarter, the company reported a revenue result of $0.71 EPS, with forecasts indicating that FB Financial is expected to achieve a total of 3.34 EPS for the current year.

Dividends from FB Financial

FB Financial also announced its upcoming quarterly dividend, scheduled for distribution on November 19th. Shareholders recorded on November 5th will receive a dividend of $0.17 per share. The ex-dividend date is set for November 5th as well, which represents an annualized dividend of $0.68 and a yield of 1.39%, indicating a dividend payout ratio of 29.69%.

Overview of FB Financial Corporation

FB Financial Corporation acts as a bank holding company for FirstBank, providing a wide range of commercial and consumer banking services to individuals, professionals, and businesses. The company operates in various segments, including Banking and Mortgage, offering services such as checking and saving accounts, lending products, and residential mortgage loans.

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