MetLife Investment Advisors LLC Lowers Stake in FB Financial Corp (FBK)

MetLife Investment Advisors LLC lessened its holdings in FB Financial Corp (NYSE:FBK) by 40.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,411 shares of the financial services provider’s stock after selling 4,270 shares during the period. MetLife Investment Advisors LLC’s holdings in FB Financial were worth $225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of FB Financial by 8.4% during the third quarter. Bank of New York Mellon Corp now owns 76,997 shares of the financial services provider’s stock worth $3,016,000 after buying an additional 5,951 shares in the last quarter. BlackRock Inc. grew its holdings in shares of FB Financial by 24.9% during the third quarter. BlackRock Inc. now owns 1,105,382 shares of the financial services provider’s stock worth $43,310,000 after buying an additional 220,604 shares in the last quarter. Credit Suisse AG grew its holdings in shares of FB Financial by 17.9% during the third quarter. Credit Suisse AG now owns 11,013 shares of the financial services provider’s stock worth $431,000 after buying an additional 1,670 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of FB Financial by 9.3% during the third quarter. Dimensional Fund Advisors LP now owns 426,012 shares of the financial services provider’s stock worth $16,691,000 after buying an additional 36,237 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of FB Financial by 650.3% during the third quarter. Tower Research Capital LLC TRC now owns 4,344 shares of the financial services provider’s stock worth $170,000 after buying an additional 3,765 shares in the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Raja J. Jubran purchased 2,933 shares of FB Financial stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $34.09 per share, with a total value of $99,985.97. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 45.10% of the company’s stock.

Shares of NYSE FBK opened at $34.61 on Friday. FB Financial Corp has a 52 week low of $30.33 and a 52 week high of $44.69. The company has a market cap of $1.07 billion, a P/E ratio of 13.26 and a beta of 0.88.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.08). FB Financial had a net margin of 21.68% and a return on equity of 12.81%. The company had revenue of $73.62 million for the quarter, compared to analyst estimates of $86.41 million. Equities analysts predict that FB Financial Corp will post 2.74 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded FB Financial from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, January 4th. ValuEngine cut FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Finally, Stephens reissued a “hold” rating and set a $40.00 price target on shares of FB Financial in a research report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.25.

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FB Financial Profile

FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.

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

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