Delta Asset Management LLC TN increased its holdings in FB Financial Corp (NYSE:FBK) by 1,000.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,300 shares of the financial services provider’s stock after acquiring an additional 3,000 shares during the period. Delta Asset Management LLC TN’s holdings in FB Financial were worth $139,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Jacobs Asset Management LLC grew its position in FB Financial by 260.9% in the second quarter. Jacobs Asset Management LLC now owns 415,000 shares of the financial services provider’s stock worth $15,019,000 after acquiring an additional 300,000 shares during the period. Vanguard Group Inc. grew its position in FB Financial by 15.6% in the second quarter. Vanguard Group Inc. now owns 302,864 shares of the financial services provider’s stock worth $10,960,000 after acquiring an additional 40,799 shares during the period. CapWealth Advisors LLC grew its position in FB Financial by 24.0% in the third quarter. CapWealth Advisors LLC now owns 255,167 shares of the financial services provider’s stock worth $9,625,000 after acquiring an additional 49,419 shares during the period. Elk Creek Partners LLC grew its position in FB Financial by 8.8% in the third quarter. Elk Creek Partners LLC now owns 221,930 shares of the financial services provider’s stock worth $8,371,000 after acquiring an additional 18,040 shares during the period. Finally, Banc Funds Co. LLC grew its position in FB Financial by 8.8% in the second quarter. Banc Funds Co. LLC now owns 209,868 shares of the financial services provider’s stock worth $7,595,000 after acquiring an additional 17,000 shares during the period. Institutional investors own 35.35% of the company’s stock.

FB Financial Corp (NYSE FBK) traded up $0.13 during trading hours on Tuesday, reaching $43.82. The company’s stock had a trading volume of 157,600 shares, compared to its average volume of 119,286. The company has a quick ratio of 0.83, a current ratio of 0.95 and a debt-to-equity ratio of 0.25. FB Financial Corp has a one year low of $23.71 and a one year high of $45.43. The firm has a market capitalization of $1,320.00 and a PE ratio of 23.95.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. FB Financial had a return on equity of 11.90% and a net margin of 13.61%. The company had revenue of $86.00 million for the quarter, compared to analysts’ expectations of $79.79 million. equities analysts predict that FB Financial Corp will post 2.05 earnings per share for the current fiscal year.

Several research analysts recently weighed in on FBK shares. UBS Group increased their price objective on FB Financial from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded FB Financial from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, January 3rd. ValuEngine lowered FB Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $42.00 price objective on shares of FB Financial in a research report on Thursday, October 26th. Finally, Raymond James Financial began coverage on FB Financial in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $41.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $42.33.

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FB Financial Company 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.

Institutional Ownership by Quarter for FB Financial (NYSE:FBK)

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