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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average cost of $48.46 per share, with a total value of $96,920.00. Following the purchase, the insider now owns 10,917,841 shares in the company, valued at $529,078,574.86. This represents a 0.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

FB Financial Trading Down 2.9 %

NYSE:FBK opened at $48.82 on Friday. The firm has a market capitalization of $2.28 billion, a PE ratio of 21.32 and a beta of 1.16. FB Financial Co. has a 1 year low of $33.35 and a 1 year high of $58.88. The firm’s fifty day simple moving average is $53.99 and its 200 day simple moving average is $48.33.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. The company had revenue of $169.13 million for the quarter, compared to the consensus estimate of $127.44 million. During the same period last year, the business posted $0.71 earnings per share. As a group, analysts anticipate that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.39%. FB Financial’s dividend payout ratio (DPR) is presently 29.69%.

Institutional Investors Weigh In On FB Financial

Several hedge funds and other institutional investors have recently modified their holdings of FBK. GAMMA Investing LLC raised its stake in FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 314 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of FB Financial by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock worth $3,786,000 after purchasing an additional 356 shares during the period. Victory Capital Management Inc. raised its position in shares of FB Financial by 2.7% during the second quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock valued at $685,000 after buying an additional 467 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of FB Financial by 0.4% in the second quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider’s stock valued at $4,346,000 after buying an additional 482 shares during the period. Finally, Captrust Financial Advisors grew its position in FB Financial by 1.9% during the third quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock worth $1,611,000 after buying an additional 631 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on FBK shares. Hovde Group downgraded shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research report on Monday, November 18th. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods upped their price target on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.20.

About FB Financial

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.