FB Financial Corporation (NYSE:FBK) Position Raised by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC boosted its stake in shares of FB Financial Corporation (NYSE:FBK) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 9,902 shares of the financial services provider’s stock after buying an additional 25 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in FB Financial Corporation were worth $358,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in shares of FB Financial Corporation during the first quarter valued at approximately $9,614,000. Mendon Capital Advisors Corp increased its position in shares of FB Financial Corporation by 33.4% in the first quarter. Mendon Capital Advisors Corp now owns 652,224 shares of the financial services provider’s stock valued at $23,063,000 after buying an additional 163,285 shares during the period. RMB Capital Management LLC increased its position in shares of FB Financial Corporation by 106.7% in the first quarter. RMB Capital Management LLC now owns 291,720 shares of the financial services provider’s stock valued at $10,315,000 after buying an additional 150,590 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in shares of FB Financial Corporation during the second quarter valued at approximately $3,011,000. Finally, RE Advisers Corp increased its position in shares of FB Financial Corporation by 14.1% in the first quarter. RE Advisers Corp now owns 603,475 shares of the financial services provider’s stock valued at $21,339,000 after buying an additional 74,500 shares during the period. 21.68% of the stock is owned by hedge funds and other institutional investors.

FB Financial Corporation (FBK) opened at 33.25 on Friday. The company has a market capitalization of $963.19 million and a P/E ratio of 26.12. FB Financial Corporation has a 52 week low of $19.81 and a 52 week high of $38.59. The stock’s 50 day moving average is $35.01 and its 200 day moving average is $33.68.

FB Financial Corporation (NYSE:FBK) last released its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. FB Financial Corporation had a net margin of 11.57% and a return on equity of 13.09%. The firm had revenue of $66.08 million during the quarter, compared to analysts’ expectations of $65.99 million. On average, equities research analysts expect that FB Financial Corporation will post $1.90 earnings per share for the current year.

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Several equities analysts have recently commented on FBK shares. Sandler O’Neill downgraded shares of FB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Zacks Investment Research downgraded shares of FB Financial Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods downgraded shares of FB Financial Corporation from an “outperform” rating to a “market perform” rating and set a $35.00 price objective for the company. in a research note on Wednesday, April 26th. Stephens reaffirmed a “buy” rating on shares of FB Financial Corporation in a research note on Monday, April 24th. Finally, UBS AG reaffirmed a “buy” rating and set a $41.00 price objective (down from $44.00) on shares of FB Financial Corporation in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.20.

About FB Financial Corporation

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.

Want to see what other hedge funds are holding FBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FB Financial Corporation (NYSE:FBK).

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

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