FB Financial Co. (NYSE:FBK) Major Shareholder James W. Ayers Acquires 1,500 Shares

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 1,500 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average cost of $49.58 per share, with a total value of $74,370.00. Following the transaction, the insider now owns 10,892,341 shares in the company, valued at approximately $540,042,266.78. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal 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 sales and purchases with the SEC.

FB Financial Stock Up 1.0 %

FBK stock opened at $48.41 on Wednesday. The company has a 50-day simple moving average of $46.65 and a 200 day simple moving average of $41.85. The company has a market capitalization of $2.27 billion, a P/E ratio of 20.34 and a beta of 1.13. FB Financial Co. has a fifty-two week low of $27.75 and a fifty-two week high of $51.40.

FB Financial (NYSE:FBK) last posted its quarterly earnings data 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 net margin of 15.34% and a return on equity of 10.24%. The business had revenue of $169.13 million during the quarter, compared to analysts’ expectations of $127.44 million. During the same period last year, the firm posted $0.71 earnings per share. Equities analysts anticipate that FB Financial Co. will post 3.25 EPS for the current year.

FB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Tuesday, August 6th. FB Financial’s dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

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

Institutional Trading of FB Financial

Several institutional investors have recently modified their holdings of FBK. Vanguard Group Inc. raised its position in FB Financial by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,454,601 shares of the financial services provider’s stock worth $97,816,000 after acquiring an additional 49,313 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of FB Financial by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 213,948 shares of the financial services provider’s stock worth $8,057,000 after purchasing an additional 3,630 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of FB Financial by 13.1% in the 1st quarter. Wasatch Advisors LP now owns 1,199,457 shares of the financial services provider’s stock worth $45,172,000 after purchasing an additional 139,395 shares in the last quarter. Principal Financial Group Inc. lifted its stake in FB Financial by 7.3% during the first quarter. Principal Financial Group Inc. now owns 196,464 shares of the financial services provider’s stock valued at $7,399,000 after purchasing an additional 13,306 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in FB Financial by 73.6% during the first quarter. BNP Paribas Financial Markets now owns 18,029 shares of the financial services provider’s stock worth $679,000 after buying an additional 7,643 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

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.