FB Financial Co. (NYSE:FBK) Major Shareholder James W. Ayers Buys 2,000 Shares

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was bought at an average cost of $48.17 per share, for a total transaction of $96,340.00. Following the completion of the acquisition, the insider now directly owns 10,894,341 shares of the company’s stock, valued at $524,780,405.97. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

FB Financial Stock Up 1.0 %

Shares of NYSE FBK opened at $48.41 on Wednesday. The stock has a market capitalization of $2.27 billion, a P/E ratio of 20.34 and a beta of 1.13. The firm’s 50-day moving average price is $46.65 and its two-hundred day moving average price is $41.85. FB Financial Co. has a 52-week low of $27.75 and a 52-week high of $51.40.

FB Financial (NYSE:FBK) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. The business had revenue of $169.13 million for the quarter, compared to the consensus estimate of $127.44 million. During the same quarter last year, the business posted $0.71 EPS. As a group, equities research analysts expect that FB Financial Co. will post 3.25 earnings per share for the current year.

FB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Tuesday, August 6th. FB Financial’s dividend payout ratio (DPR) is 28.57%.

Analyst Ratings Changes

FBK has been the topic of a number of recent analyst reports. Hovde Group upped their target price on shares of FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a report on Thursday, June 27th. Stephens reaffirmed an “overweight” rating and set a $45.00 target price on shares of FB Financial in a report on Tuesday, July 16th. Keefe, Bruyette & Woods lifted their target price on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler lowered FB Financial from an “overweight” rating to a “neutral” rating and upped their price target for the company from $41.00 to $46.00 in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.80.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FBK. nVerses Capital LLC purchased a new position in FB Financial during the 3rd quarter worth approximately $84,000. SG Americas Securities LLC purchased a new position in shares of FB Financial during the first quarter valued at $165,000. Renaissance Technologies LLC purchased a new stake in FB Financial in the 2nd quarter worth about $217,000. ProShare Advisors LLC grew its stake in FB Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 494 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of FB Financial by 17.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 1,067 shares during the period. 65.40% of the stock is owned by hedge funds and other institutional investors.

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.