Rhumbline Advisers Invests $3.09 Million in FB Financial Co.
December 2, 2023
🌥️Trending News
It has been reported that Rhumbline Advisers has made an investment of $3.09 million in FB ($NYSE:FBK) Financial Co. FB Financial Co. is a publicly traded financial holding company headquartered in Nashville, Tennessee. The company operates through its wholly owned subsidiaries, such as FirstBank and CapitalMark Bank & Trust, specialising in banking and financial services. Its banking activities include deposit gathering, loan origination and servicing, electronic banking services, mortgage services, wealth management services, and finance and lease services. FB Financial Co.’s stock has been consistently growing since the beginning of this year.
This investment from Rhumbline Advisers is a vote of confidence in the company and its future prospects. This news is likely to further boost the stock price of FB Financial Co., as investors take note of this major investment.
Price History
On Friday, Rhumbline Advisers made a big move by investing $3.09 million in FB Financial Co. This news sent the stock soaring, as the stock opened at $33.2 and closed at $35.4, up 5.5% from its last closing price of 33.6. This news was welcomed positively as a sign of strong investor confidence in the company. Analysts are expecting FB Financial to continue to perform well in the coming months as it continues to invest in various projects and initiatives. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fb Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 129 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fb Financial. More…
| Operations | Investing | Financing |
| 789.33 | -1.74k | 184.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fb Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.49k | 11.12k | – |
Key Ratios Snapshot
Some of the financial key ratios for Fb Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.4% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted an analysis of FB FINANCIAL‘s wellbeing, with the results displayed below. According to the Star Chart, FB FINANCIAL is strong in growth, assets, and dividends, and medium in profitability. It is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This makes FB FINANCIAL an attractive investment for those looking for stable but growing returns. Additionally, FB FINANCIAL has a high health score of 9/10 with regard to its cashflows and debt, indicating that it is capable to pay off debt and fund future operations. More…
Peers
The company operates through three segments: Retail Banking, Commercial Banking, and Mortgage Banking. The Retail Banking segment offers deposit products, such as checking, savings, and money market accounts, as well as consumer and commercial loans. The Commercial Banking segment provides loans to small and medium-sized businesses, and the Mortgage Banking segment offers residential mortgage loans. FB Financial Corp competes with Bank Of Idaho Holding Co, Fcn Banc Corp, Third Century Bancorp.
– Bank Of Idaho Holding Co ($OTCPK:BOID)
Bank of Idaho Holding Company is a bank holding company headquartered in Idaho Falls, Idaho. The company operates through its subsidiary, Bank of Idaho. Bank of Idaho is a full-service community bank offering personal and business banking products and services in Idaho. The company was founded in 1915 and has assets of approximately $1.3 billion.
– Fcn Banc Corp ($OTCPK:FBVI)
As of 2022, Three Century Bancorp has a market cap of 7.19M. The company is a bank holding company that operates through its subsidiary, Three Century Bank. The Bank offers a range of commercial and personal banking services to customers in central and southern California.
Summary
FB Financial Corp. (FBK) has seen an increase in interest from investors, as Rhumbline Advisers recently reported holdings of $3.09 million in the company. This indicates that the stock price is being monitored by institutional investors, suggesting they may believe it has potential for further growth. FB Financial Corp provides commercial banking services to individuals and businesses across several southeastern states. It offers a range of financial products and services, such as loans, deposits, investment products, and treasury management services. Shareholders may be encouraged by the company’s recent performance.
Analysts are also optimistic about the company’s prospects. Analysts at Zacks Investment Research have assigned FB Financial Corp. a “Hold” rating, indicating that it is likely to remain at its current price for the foreseeable future. Overall, FB Financial Corp.’s strong balance sheet, increasing income and favorable analyst recommendations make it an attractive investment opportunity for long-term investors.
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