EntryPoint Capital LLC Invests $321,000 in FB Financial Corporation $FBK

EntryPoint Capital LLC acquired a new position in shares of FB Financial Corporation (NYSE:FBK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,918 shares of the financial services provider’s stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors have also modified their holdings of FBK. Meeder Asset Management Inc. purchased a new stake in shares of FB Financial during the first quarter worth $33,000. Sterling Capital Management LLC raised its holdings in shares of FB Financial by 810.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 997 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of FB Financial by 36.7% during the first quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 370 shares in the last quarter. CWM LLC raised its holdings in shares of FB Financial by 58.2% during the first quarter. CWM LLC now owns 1,660 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 611 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of FB Financial by 7.1% during the first quarter. Nisa Investment Advisors LLC now owns 4,368 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 290 shares in the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

FB Financial Price Performance

NYSE FBK opened at $50.1720 on Friday. FB Financial Corporation has a fifty-two week low of $38.83 and a fifty-two week high of $58.88. The stock’s 50-day moving average is $47.46 and its two-hundred day moving average is $46.34. The firm has a market cap of $2.70 billion, a P/E ratio of 26.00 and a beta of 0.92.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Monday, July 14th. The financial services provider reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The business had revenue of $76.86 million during the quarter, compared to the consensus estimate of $136.32 million. FB Financial had a return on equity of 10.15% and a net margin of 11.46%. On average, equities analysts expect that FB Financial Corporation will post 3.64 EPS for the current year.

FB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.5%. FB Financial’s payout ratio is presently 39.38%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FBK. Keefe, Bruyette & Woods upgraded FB Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $52.00 to $58.00 in a report on Friday, July 11th. Wall Street Zen lowered FB Financial from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, FB Financial presently has a consensus rating of “Buy” and an average price target of $58.25.

FB Financial Company Profile

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.