Insider Selling: FB Financial Co. (NYSE:FBK) Director Sells 5,000 Shares of Stock

FB Financial Co. (NYSE:FBK) Director James W. Iv Cross sold 5,000 shares of FB Financial stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the sale, the director now directly owns 54,078 shares of the company’s stock, valued at $3,148,421.16. This trade represents a 8.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

FB Financial Stock Performance

Shares of FBK opened at $55.81 on Friday. FB Financial Co. has a one year low of $32.09 and a one year high of $58.88. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 24.37 and a beta of 1.12. The stock has a 50 day moving average price of $48.60 and a 200 day moving average price of $43.62.

FB Financial (NYSE:FBK) last issued its 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. The company had revenue of $169.13 million during the quarter, compared to analysts’ expectations of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same period in the prior year, the business earned $0.71 EPS. On average, analysts predict that FB Financial Co. will post 3.38 earnings per share for the current year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is presently 29.69%.

Hedge Funds Weigh In On FB Financial

Several large investors have recently modified their holdings of the business. Barclays PLC lifted its stake in shares of FB Financial by 58.3% in the 3rd quarter. Barclays PLC now owns 94,062 shares of the financial services provider’s stock valued at $4,415,000 after purchasing an additional 34,633 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in FB Financial during the 3rd quarter worth about $346,000. Jane Street Group LLC lifted its stake in FB Financial by 120.6% during the 3rd quarter. Jane Street Group LLC now owns 71,487 shares of the financial services provider’s stock worth $3,355,000 after acquiring an additional 39,086 shares in the last quarter. Stifel Financial Corp lifted its stake in 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 acquiring an additional 356 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in FB Financial during the 3rd quarter worth about $565,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FBK. Hovde Group boosted their price target on FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target on FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, October 16th. Finally, StockNews.com cut FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $47.80.

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.