FB Financial Co. (NYSE:FBK) Major Shareholder Buys $103,720.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $51.86 per share, for a total transaction of $103,720.00. Following the completion of the transaction, the insider now owns 10,911,841 shares of the company’s stock, valued at approximately $565,888,074.26. The trade was a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

FB Financial Trading Up 1.0 %

Shares of NYSE FBK opened at $52.35 on Thursday. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 22.86 and a beta of 1.15. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88. The business has a 50 day simple moving average of $53.50 and a 200-day simple moving average of $47.14.

FB Financial (NYSE:FBK) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The firm had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, equities analysts predict that FB Financial Co. will post 3.38 earnings per share for the current year.

FB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. FB Financial’s dividend payout ratio is currently 29.69%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FBK. Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a research note on Monday, November 18th. Keefe, Bruyette & Woods raised their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com cut shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, FB Financial presently has a consensus rating of “Hold” and a consensus target price of $50.20.

Hedge Funds Weigh In On FB Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of FBK. Louisiana State Employees Retirement System lifted its holdings in shares of FB Financial by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 300 shares during the last quarter. Stifel Financial Corp lifted its stake in FB Financial by 0.4% in the third quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock valued at $3,786,000 after buying an additional 356 shares during the last quarter. Victory Capital Management Inc. boosted its holdings 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 acquiring an additional 467 shares during the period. Rhumbline Advisers grew its position in shares of FB Financial by 0.4% during the second quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider’s stock worth $4,346,000 after acquiring an additional 482 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of FB Financial by 1.9% in the 3rd quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock worth $1,611,000 after acquiring an additional 631 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

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.